Kier announces another big loss as pandemic 'stalls progress'

18/09/2020 | CHRIS AMES

Kier Group made a loss of £225m in the year to 30 June 2020 as the pandemic hit its revenues.

The firm described its results as reflecting ‘nine months of good strategic progress and three months impact of COVID-19'.

Its loss before tax was £225.3m, slightly down on a loss of £229.5m for the year ending June 2019.

The group’s revenue was £3,423m, which was also down on the previous year (£3,951m).

It said this 15% drop was ‘primarily due to the effects of COVID-19 on the last three months as well as the challenging market conditions through the year affecting both Construction and Infrastructure Services’.

Chief executive Andrew Davies said: ‘This financial year has been a difficult one for the Group. The progress made in the first nine months, despite challenging market conditions, reflected the successful execution of many elements of our strategic plan, as we began to experience the benefits of the decisive cost reduction actions taken.

‘The effects of COVID-19 adversely impacted the Group's performance in the final three months of the financial year, as the business adapted to working under revised site operating procedures.

‘I would like to thank all my dedicated Kier colleagues for their commitment and resilience over the course of the year, many of whom have played a significant role in providing essential public services during the pandemic.’

The firm’s Infrastructure Services segment, which comprises the Highways, Infrastructure and Utilities and Rail businesses, reported an operating profit of £9.4m.

It cited the Area 4 maintenance and response contract and local highway contract wins with Surrey, Northampton County Councils and Birmingham Highways Ltd as examples of work won, adding: ‘During the year, two of our Smart Motorway projects, the M20 and M23 were delivered and we remain on track to successfully deliver a third project on the M6.’

Highways InProfile

latest magazine issue
Highways jobs

Team Leader (Maintenance Operations)

Grade 10 - £48,226 - £51,356
Cardiff is growing faster than any other capital city in Europe. Cardiff (Caerdydd)
Recruiter: Cardiff Council

Highways Supervisor

£Competitive
We have a fantastic opportunity for a permanent Highways Supervisor Forfar, Angus
Recruiter: Amey

Tree Surveyor

£Competitive
We are excited to offer fantastic opportunities for Permanent Tree Surveyors Scotland
Recruiter: Amey

Chief Operating Officer – South West Wales Corporate Joint Committee

£Competitive
We’re looking for a bold, visionary leader to take on the role of Chief Operating Officer Carmarthenshire (Sir Gaerfyrddin)
Recruiter: Carmarthenshire County Council

Clerk of Works - Highways

£Competitive
We have a fantastic opportunity for a Clerk of Works to join our dynamic NMC SW Account team at Polmadie. Glasgow, Glasgow City
Recruiter: Amey

Highways Supervisor

£Competitive
We have a fantastic opportunity for a permanent Highways Supervisor to join our NMC NE account in Kinross. Perth and Kinross
Recruiter: Amey

Planner - Highways

£Competitive
We have a fantastic opportunity for Permanent Planner – Highways to join our NMC SW Account. Glasgow City
Recruiter: Amey

Highways Maintenance Manager

£51,356 - £55,539 per annum
We are looking for an experienced Engineer to join the team as a Highways Maintenance Manager Selby, North Yorkshire
Recruiter: North Yorkshire Council

Highways Maintenance Manager

£51,356- £55,539 per annum
We are looking for an experienced Engineer to join the team as a Highways Maintenance Manager Brompton on Swale, Richmond
Recruiter: North Yorkshire Council

Permit Officer - Internal works promoter - WMF2244e

£34,434 - £35,412
The streetworks Permit Officer role within the highways service Kendal, Cumbria
Recruiter: Westmorland and Furness Council

Highways Development Management Engineer

£41,816 - £45,175
You will be based in the Highways Development Team and work closely with colleagues across the wider transport service. Northamptonshire
Recruiter: West Northamptonshire Council

Transport Project Officer

£34,203 - £37,067
We are seeking an enthusiastic and motivated project officer to work in our Highways and Transport Service. Northamptonshire
Recruiter: West Northamptonshire Council

Engineer - Structures

£40,777 - £44,075
Join the successful Structures team, and become a vital team member Broad Lane Office, Yate
Recruiter: South Gloucestershire Council

Assistant Traffic Management Technician - WMF2251e

£26,403 - £26,824
Westmorland and Furness Council is seeking an organised and enthusiastic individual Kendal, Cumbria
Recruiter: Westmorland and Furness Council

Senior Traffic Management Technician WMF2256e

£34,434 to £35,412 (pay award pending)
Westmorland and Furness Council is looking for three experienced and motivated individuals Cumbria / Various
Recruiter: Westmorland and Furness Council

Senior Bridge Technician - WMF2257e

£34,434 - £35,412
We are currently seeking to recruit a Senior Bridge Technician to join our Bridges and Structures team. Penrith, Cumbria
Recruiter: Westmorland and Furness Council

Highways Network Officer WMF2263e

£38,220 - £39,152
In this role, you will assist in leading the South Lakes Area Highways team Kendal, Cumbria
Recruiter: Westmorland and Furness Council

Traffic Management Technician - WMF2240e

£28,598 - £29,540
Westmorland and Furness Council is seeking a committed and technically capable individual to join our Traffic Management Team Kendal, Cumbria
Recruiter: Westmorland and Furness Council

Structures Inspector

£Competitive
We are excited to offer a fantastic opportunity for two Permanent Structure Inspectors to join our dynamic SBIM team Bristol
Recruiter: Amey

Highways Maintenance Operative

£Competitive
We have fantastic opportunities for a permanent Highways Maintenance Operatives Kettering, Northamptonshire
Recruiter: Amey
SUBSCRIBE NOW

Latest Video

Subscribe to Highways today to ensure you keep your finger on the pulse of everything happening in the UK road network throughout the year.

SUBSCRIBE NOW