Strong revenue and gross profit performance based on agility to respond to market conditions.
|Turnover up 41% on previous year reflecting growth from diversification|
|Strong gross profit performance|
|Operating profit at the high end of forecast|
|Group order book maintained|
|Maintained net funds position with ongoing investor support for our diversified strategy|
Maintained strong gross profit levels with significant increase in turnover due to growth in diversified markets.
Actively managing the impact of COVID 19 and existing market conditions whilst investing in the “Unleashing Our Potential” Strategy for growth.
Brendan Kerr, Group Executive Chairman commented:
‘These financial results are testament to the hard work and dedication of our people, and I want to thank them for their focus on safety and ‘can do’ approach to serving our customers, which is instrumental to Keltbray’s development and continued success.
‘I am also continually grateful to our customers, suppliers and other significant stakeholders who support Keltbray and provide us with the opportunities to make a real and positive difference to the infrastructure and built environment markets.’
Peter Burnside, Group Finance Director said:
‘The Group delivered a robust cash performance and consistent overall financial performance in the 2018/19 financial year, despite the negative impact of a cooling market sentiment.
‘The Group has faced up to the prevailing trading challenges and has taken the necessary steps to safeguard the business, while continuing to focus on our core strategic goals. This gives us the confidence that our growth plans are realistic and achievable.
Darren James, Group Chief Executive said:
‘I am pleased to see the accounts finalised for the business performance in 2019 and confident that we are managing actively the impact on the current trading year of COVID19 and other market factors. Although this and other uncertainties remain, particularly the UK’s relationship with Europe, we are confident that the UK Government’s focus on economic recovery, founded on investment in economic and social infrastructure, will create significant medium and long-term growth opportunities for the Keltbray Group. This is now being reflected in a growing opportunity and tender pipeline.
‘Our focus in the period ahead, is to work closely with our customers, rebound from COVID19, drive improvement in operational effectiveness together with investing in our strategy for growth .’
For more information contact:
Group Director, Corporate Communications
Keltbray Group Holdings Ltd
M +44 (0)7860 954620