Kier reaps the benefits of keeping it simple

22/04/2021 | CHRIS AMES

Kier Group has hailed ‘significant financial and strategic progress' after returning to profit in the six-month period ending 31 December 2020.

The company posted a pre-tax profit of £9m, compared with a £41.2m loss in the equivalent period in 2019, and an operating profit of £28.8m, turning around a £24.4m loss.

Revenues fell 13% in the period to £1,624m, ‘primarily due to the actions taken to simplify the Group in exiting low margin and loss-making contracts and businesses, in addition to the COVID-19 restrictions in the UK which weighed on first quarter activity levels’.

Tarmac Kier JV was awarded a highways contract with the London Borough of Barnet

Chief executive Andrew Davies said: ‘I am pleased to report that the execution of the strategic imperatives outlined in June 2019 has resulted in significant improvements in both our financial results and free cash flow for the re-shaped Group.

'With the announcement of the sale of Kier Living on 16 April, we have achieved many of the milestones required to improve cash generation and reduce net debt.

‘The process of simplifying the Group has been substantially completed through the exit of non-core businesses and the adoption of an appropriate cost base.

‘With the Group focused on UK Government and regulated industries, it is well-placed to benefit from the announced and committed increased spend in these areas. We have secured places on the frameworks through which much of the increased spend is expected to come and our nationwide coverage combined with project management expertise gives us confidence in the outlook for Kier over the next few years.’

He added: ‘During the pandemic, the health and safety of our employees has been a clear focus and I would like to thank all my colleagues who have worked hard to get the Company to where it is today.’

Kier said its Highways business had been successful winning contracts with clients including Transport for London in joint venture with Tarmac to maintain and improve highways in north London and further work for Highways England in Areas 4 and 13.

Highways InProfile

latest magazine issue
Highways jobs

Street Works and Permitting Officer

£31,586 - £34,314
Are you a diligent and hardworking person with a passion for customer care, and excellent communication skills? Lincolnshire
Recruiter: Lincolnshire County Council

Senior Technical Officer (Structure)

£28,624 - £36,124 (plus £2000 Market Rate Supplement, reviewed annually)
Have you got great IT skills to maintain an asset management database? Kirklees, West Yorkshire
Recruiter: Kirklees Metropolitan Council

Bridge Engineer (Career Grade)

£34,314 - £44,711 37 hours, Permanent
Wakefield Council is seeking a dedicated Bridge Engineer Wakefield, West Yorkshire
Recruiter: Wakefield Council

Senior Circular Economy Officer

£32889.0000 - £38693.0000 per annum + Flexible Working, Hybrid Working
Please note this role is a secondment / fixed term contract opportunity until 31.03.2026The OpportunityThe Senior Circular Economy Officer will devel England, Essex, Chelmsford
Recruiter: Essex County Council

Site Manager - Highways

Competitive Salary
We are excited to offer a fantastic opportunity for Three Permanent Site Managers to join our dynamic Severn Bridges Inspection and Maintenance team. Aust, Bristol
Recruiter: Amey

Construction Manager

Competitive salary
We have a fantastic opportunity for a Permanent Construction Manager to join our Specialist Bridges Inspection and Maintenance contract in Bristol. Bristol
Recruiter: Amey

Senior Administrator

Competitive Salary
We have a fantastic opportunity for a Permanent Depot Administrator to join our Severn Bridges Inspection and Maintenance (SBIM) contract in Bristol. Bristol
Recruiter: Amey

Highways Maintenance Operative

Competitive Salary
We have a fantastic opportunity for a Permanent Highways Maintenance Operative to join our in Area 10– Strategic Highways account . Runcorn
Recruiter: Amey

Planner - Highways

Competitive Salary
We are excited to offer a fantastic opportunity for a Permanent Planner to join our dynamic Severn Bridges Inspection and Maintenance (SBIM) team. Aust, GB, BS35 4BD
Recruiter: Amey

Roadworker/Driver

Grade 7 £26,248 - £28,161 per annum
We’re looking for experienced Roadworker/LGV Drivers to be part of the Highways Construction Services team Derbyshire
Recruiter: Derbyshire County Council

Highways Engineer

£36,124 to £37,938 per annum
An exciting opportunity for an enthusiastic and passionate Highways Engineer Rutland
Recruiter: Rutland County Council

Traffic Engineering Officer

£36,124 to £37,938 per annum
An exciting opportunity for an enthusiastic and passionate Traffic Engineering Officer Rutland
Recruiter: Rutland County Council

Civil Engineer (Senior) - Highways Street Lighting

£28,624 - £36,124 (plus £2000 Market Rate Supplement, reviewed annually)
You will provide street lighting design and delivery service for council and stakeholder schemes. Kirklees, West Yorkshire
Recruiter: Kirklees Metropolitan Council

Bridge Technician WMF1961e

£27,711.00 to £28,624.00
We are currently seeking to recruit a Bridge Technician to join our Bridges and Structures team Wakefield, West Yorkshire
Recruiter: Westmorland and Furness Council

Vehicle Technician (CDC)

Grade 8, £32,662 - £36,239 plus 6% shift allowance including Saturday working on rotas.
An opportunity has arisen within our Transport Fleet management team Doncaster, South Yorkshire
Recruiter: City Of Doncaster Council

Senior Pest Control Officer

Grade G £31,586 - £35,235 (SCP 20 -25)
We are looking for a forward thinking and enthusiastic Senior Pest Control Officer Sefton (Metropolitan borough), Merseyside
Recruiter: Sefton Metropolitan Borough Council

Technician - SAMS

Grade 8 £28,797 - £30,708 per annum
The Highway Strategy group are looking for an enterprising and innovative systems thinking asset management Derbyshire
Recruiter: Derbyshire County Council

Senior Engineer (Technical Business Analyst)

£42679.0000 - £50211.0000 per annum
Senior Engineer (Technical Business Analyst)Permanent, Full Time£42,679 to £50,211 per annumLocation
Recruiter: Essex County Council

Assistant Service Manager (Vehicle Workshop)

Grade 9 £36,344 - £38,253 per annum, (inclusive of market supplement to be reviewed December 2026)
We are looking for a highly motivated Assistant Service Manager to join our County Transport team Derby, Derbyshire
Recruiter: Derbyshire County Council

Heavy Goods Vehicle Motor Mechanic / Light Goods Vehicle Motor Mechanic

Grade 8 £33,797 - £35,708 per annum, (inclusive of market supplement to be reviewed December 2026).
We are looking for a highly motivated Heavy Goods Vehicle/ Light Goods Vehicle Mechanic to join our County Transport team Derby, Derbyshire
Recruiter: Derbyshire County Council
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