Kier Group H1 Earnings Call Highlights

Infrastructure Services was the main contributor to first-half revenue growth, with revenue up 4.9% to £1.083 billion . Management attributed this to road capital projects, increased rail work including HS2, and a ramp-up in water activity under AMP8. The division delivered adjusted operating profit of £48.2 million , up £2.1 million , while maintaining a 4.5% margin. On cash flow, the company reported adjusted EBITDA of £101 million and a working capital outflow of £107 million , which was broadly in line ...