KCQS

There are a few key challenges that the firm appears to be facing.  Financial Risk Management is main risk  in their company.
Currency risk: the group have currency risk on its net assets; in particularly, pound occupy significant  part in currencies. However, most of Group borrowings are held in US dollars, euros and Australian dollars, for offer a hedge against these currency net assets. Therefore, Keller Group should  decrease currency flows' foreign exchange risk.
Interest rate risk

Interest rate risk is managed by mixing fixed and floating rate borrowings depending upon the purpose and term of the financing. As at 31 December 2012,there are about 77% of the Group’s third-party borrowings bore interest at floating rates. 
Credit risk
The Group’s primary financial assets are trade and other receivables, bank and cash balances and a limited number of investments and derivatives held to hedge certain of the Group’s liabilities. These represent the Group’s maximum exposure to credit risk in relation to financial assets. 

The second risk is that principal risks affect company development.
Market cycles:the Group's broad assists to reduce against the risk of downturn in markets.
Tendering and management of objects
Acquisitions
Safety:when the construction industry start operation, it may happens some accidents.  
People 
Annual report :http://www.keller.co.uk/investor/reports-archive/2012rep.aspx

My favourite blogs

Laura Shaw
colourful design
 Very detailed
Well written blog
clear structure
Rating: 4/5


Ken Hatch
Clearly designed blog
Very detailed
 Well written blog
Rating:3/5

Christina Miaral
more detailed 
 Use of links is great
Use of very relevant pictures 
Well written blog
Rating:4.5/5

a few of Keller Group photos

Keller Group latest news

Full Year Results Announcement for the year ended 31 December 2013

03 March 2014

Keller Group plc ("Keller" or "the Group"), the international ground engineering specialist, is pleased to announce its full-year results for the year ended 31 December 2013.

Results summary:
	2013	2012	% change
Revenue	£1,438.2m	£1,317.5m	+9%
EBITDA*	£124.2m	£91.9m	+35%
Operating profit*	£77.8m	£48.3m	+61%
Profit before tax*	£74.1m	£43.5m	+70%
Earnings per share*	73.0p	45.9p	+59%
Cash generated from operations	£132.0m	£108.4m	+22%
Total dividend per share	24.0p	22.8p	+5%

* 2013 results stated before exceptional items comprising non-trading costs related to acquisitions.

Highlights include:

• Record revenue of £1,438.2m (2012: £1,317.5m), up 9%
• Operating margin* raised to 5.4% (2012: 3.7%), with increases in all four divisions
• Profit before tax* increased to £74.1m (2012: £43.5m)
• Earnings per share* of 73.0p (2012: 45.9p)
• Cash from operations of £132.0m, representing 106% of EBITDA* (2012: 118%)
• Total dividend per share of 24.0p (2012: 22.8p), an increase of 5%
• Three strategic acquisitions completed at a cost of £188.5m and integration progressing well

Justin Atkinson, Keller Chief Executive said:

"All four divisions improved their operating margin. This reflects a sharp focus on continuous improvement in many aspects of the business, as well as an excellent performance on several major projects and improving conditions in certain of our markets.

"The three acquisitions we completed in the year give the Group market-leading positions in target markets offering attractive, long-term growth opportunities."

"Overall, we expect 2014 to be another year of progress. Looking further ahead, we remain optimistic about our long-term prospects and we are confident that the Group is well positioned to take full advantage of future opportunities."

video

http://www.keller.co.uk/media.aspx

Justin Atkinson Chief Executive  Joined the Group in 1990. Group Financial Controller from 1995–99. Appointed Finance Director in 1999, Chief Operating Officer in 2003 and Chief Executive in 2004. Member of the Nomination Committee. Justin is a Chartered Accountant by training. Age 53.

James Hind

 Finance Director  Joined the Group in 2003 from D S Smith plc, where he was Group Financial Controller. Qualified as an accountant with Coopers & Lybrand, with whom he later spent two years in their New York office advising on mergers and acquisitions. Age 49.

Wolfgang SondermannDirector, Global Technology & Best Practice  A Geotechnical Engineer by training, Wolfgang joined the Group in 1986. Appointed Managing Director Keller Holding GmbH in 1998. Managing Director, CEMEA in 2001 and Director, Global Technology & Best Practice in January 2012. Appointed to the Board in 2003. Age 63.

Roy Franklin 

Non-executive Chairman Appointed to the Board in 2007and as Chairman in 2009. Chairman of the Nomination Committee. Roy is a Non-executive Director of  Australian-listed companies Santos Ltd and Boart Longyear Ltd. He is also an Advisory Board Member of Kerogen Capital and a Non-executive Director of privately held Cuadrilla Resources Holdings Limited. Formerly Chief Executive of Paladin Resources plc and Group Managing Director of Clyde Petroleum plc, following various senior management posts at BP. Roy is a Geologist by training. Age 60.

Ruth Cairnie 

Non-executive Director Appointed to the Board in 2010. Ruth is a member of the Nomination and Health, Safety & Environment Committees and is Chair of the Remuneration Committee. She is Executive Vice President Strategy & Planning at Royal Dutch Shell Plc. Her current role follows a number of senior international roles within Shell, including Vice President of their Global Commercial Fuels business and serving on the boards of Shell Pakistan Ltd and joint venture companies in Germany and Thailand. Ruth is a Physicist by qualification. Age 60.

                                              

Chris Girling 

Non-executive Director Appointed to the Board and the Audit, Remuneration and Nomination Committees in 2011, Chris is Chairman of the Audit Committee. He is a Non-executive Director of Arco Limited and Workspace Group PLC and the independent Chairman Trustee for Slaughter and May’s pension fund. A Chartered Accountant by training, Chris was formerly Group Finance Director of Carillion plc. Age 60.

Paul Withers Senior Independent Director Appointed to the Board and as a member of the Audit, Nomination, Remuneration and Health, Safety & Environment Committees on 17 December 2012. Paul is a Non-executive Director of Devro PLC, Premier Farnell plc and Hyder Consulting PLC. A Mechanical Engineer by qualification, he was formerly Group Managing Director of BPB plc, the international building materials business, following various senior roles there. Age 57.

Kerry Porritt Group Company Secretary Appointed Group Company Secretary in 2013. Kerry is a Fellow of the Institute of Chartered Secretaries and Administrators. Age 43.

Chairman's statement

The results for the six months ended 30 June 2013 show a much improved first-half performance, with three out of four of the Group’s divisions significantly more profitable than in the same period last year.
Group revenue was up 5% at £644.6m (2012: £613.8m)and operating profit more than doubled to £28.6m (2012: £13.3m). The operating margin was 4.4%, compared
with last year’s 2.2%. This margin improvement reflects a combination of the successful completion of several major projects, cost reduction measures, benefits from the business improvement initiatives started in 2012 and relatively benign winter weather in North America.Profit before tax was £26.8m (2012: £11.0m) and earnings per share were 28.1p (2012: 12.4p). In light of these improved results and the Board’s confidence in the future prospects of the business, the Board has decided to increase the interim dividend by 5% to 8.0pper share (2012: 7.6p). The dividend will be paid on 1 November 2013 to shareholders on the register at the close of business on 11 October 2013.Cash generated from operations was £30.2m, substantially up on last year’s £9.0m, as a result of the
Group’s improved profitability and the continuing focus on maximising cash generation. Net debt at 30 June 2013 was £24.5m (June 2012: £118.9m). This substantial reduction is in large part due to the receipt on 14 June
2013 of the £57.6m net proceeds from a placing of 6.6m shares in connection with the acquisition of the piling business of North American Energy Partners Inc. (‘North American Piling’), which completed in July 2013, after the period end. Capital expenditure in the first half remained below depreciation at £19.5m (2012: £12.8m).