Strong results from Kier Construction Scotland

Strong results from Kier Construction Scotland

A strong result from Kier Construction Scotland has contributed towards successful full year financial results for UK property, residential and construction group Kier Group plc.

Results announced 22 September reveal a turnover in excess of £150m for the year to 30 June 2016 for Kier Construction Scotland.

With offices in Glasgow, Aberdeen, Inverness and Newcastle, the Scottish arm employs over 200 people, and has continued to grow the business, expand its order book, and provide local employment and training opportunities.

These results have added to overall results for the group which include a £4.2bn revenue, up 26% from 2015, and underlying profits of £150m, up 44% from the previous year.

Kier Construction also secured £8.7bn worth of orders for the year.

Brian McQuade, managing director of Kier Construction Scotland, said: "We have a solid pipeline of work, largely from our partnership on a number of significant health and education frameworks.

"Most recently we have become a partner on the £125m Aberdeenshire Council Capital Works Framework, been reappointed to deliver over £25m of minor works projects as part of the £1.5bn Scape National Minor Works Framework and are providing building works as part of Glasgow Airport’s framework over the next three years."

In Scotland, Kier Construction is delivering a range of projects across education, healthcare, commercial and retail sectors including the £25m restoration of the Glasgow School of Art’s Mackintosh Building, and a £14m projects at the Edinburgh College of Art.

McQuade adds: "Next month, work begins on the £6.7m contract to carry out restoration, redevelopment and upgrade work at one of Scotland’s oldest and most historic concert halls - the A-listed Aberdeen Music Hall.

Haydn Mursell, chief executive of Kier Group, said: "I am pleased to report a good set of results reflecting the evolution of the Group during the year following the completion of the integration of Mouchel.

"We remain focused on growing the business through improving operational efficiencies and investing in new technology to support our operations.

"We remain confident of achieving our goal of double-digit profit growth on average each year to 2020."