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Kier Group Issues Trading Update; Affirms Medium Term Targets

Kier Group plc (KIE.L) said the Group performed well in the period 1 January to 30 April 2022, despite the continuing inflationary pressure. The Group continues to trade in-line with the Board's expectations.

As at 31 March 2022, the Group's order book was approximately 8.5 billion pounds, an increase of approximately 6% from the 31 December 2021 position of 8.0 billion pounds.

Looking forward, the Group remains confident in achieving its medium term targets of: revenue in a range of 4.0 billion pounds - 4.5 billion pounds; and adjusted operating profit margin of approximately 3.5%.

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