Monday, Kier Group Plc (KIE.L), in its interim management statement, said its first quarter trading in-line with its expectations and cash balances at healthy levels.
The company said that its construction division has made an encouraging start to the new financial year, benefiting from strong, high quality order books which are generating healthy margins and cash balances. In the partnership homes division, the total order book of reserved and exchanged units at 31 October is 14% ahead of the same period last year, the company said.
The Group said its financial performance to date is in-line with its expectations; cash remains strong and has healthy order books in Construction and Support Services. Kier said it has a strong track record, a supportive client base and an experienced and talented workforce all of which puts us on track to achieve a good result for this financial year.
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