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Kier has won £1bn construction orders since mid Nov

Highways England

Kier says its construction and services division has won more than £1bn in contracts since mid-November.

It has released an update for the half year ended 31 December  2016, ahead of the half year results at the end of March.

The construction division’s order book so far provides all its forecast revenue for 2017. Big orders include highway maintenance contracts worth more than £300M for Highways England Areas 6, 8 and 13. It has also won a new 50/50 joint venture infrastructure contract worth £100M with Severn Trent on the Birmingham Resilience Project.

The announcement says The group’s net debt for the six months ended 31 December 2016 was £179M, compared to £174M for the same time the year before. It includes the proceeds from the £75M sale of Mouchel Consulting to WSP.

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