Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Keller profits drop by over 40%

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.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.