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Construction and services company Kier have credited its multiple deals across the UK’s utilities sector for its strong first-half financial results.
A spokeswoman for the Kier Group told Utility Week that the company’s overall success was underpinned by “a raft of strong contracts, particularly in the water sector”.
She added that the company has also benefited from a strong presence in the energy sector with Hinkley Point C and Sellafield work in the pipeline.
The company said its “robust” pipeline of work totals £6.2 billion, of which 90 per cent is secured to move forward in 2015.
Kier Group chief executive, Haydn Mursell said: “We are keen to build on this success by increasing our presence in other core utilities markets, given the depth and breadth of skill that we boast across our construction, engineering, maintenance and asset management teams.”
“Moving forward we have major contracts at Hinkley Point and Sellafield, and see substantial opportunities in the nuclear market place, as the UK prepares to build nuclear power stations again for the first time in two decades,” he added.
The company reported H1 revenue of £3 billion, up over 50 per cent from H1 2013, while underlying operating profit increased almost 60 per cent on the year to £88 million.
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