Depressed market conditions in the US and much of Western Europe have hit Keller’s profits however record revenue in Australia, Poland and Asia has helped the company keep in profit.
Piling contractor Keller announced its full year results for 2010 today with revenue increasing by over £30M to £1.07bn, and profit down from £77M to £43M.
Australia now makes up a large part of their market with 38% of 2010 revenue originated from there and developing markets.
Keller has made acquisitions in Australia and US to further progress the company’s presence in both of these markets.
“Keller faced many challenges in 2010, particularly in the US and much of Western Europe, where construction markets remained depressed,” said Keller chief executive Justin Atkinson.
“However, our combination of strengths, including the breadth of our product offering, excellent operational capabilities and a strong balance sheet to support our ambitions, have served us well in the past and will underpin our delivery of sustained long-term growth in the future.”