Kier Group PLC (FRA:10I)
€ 1.73 0 (0%) Market Cap: 776.27 Mil Enterprise Value: 782.42 Mil PE Ratio: 15.09 PB Ratio: 1.21 GF Score: 55/100

Kier Group PLC Strategic Review Conclusions & Indebtedness Update Conference Call Transcript

Jun 17, 2019 / 07:00AM GMT
Release Date Price: €1.07 (-13.95%)
Operator

Good day and welcome to the Kier conference call. Today's conference is being recorded. At this time I would like to turn the conference over to Mr. Andrew Davies, Chief Executive of Kier. Please go ahead, sir.

Andrew Davies
Kier Group PLC - CEO

Thank you. Good morning, everyone. It's Andrew Davies here, as he said, Chief Executive of Kier. I am here with Bev Dew, our Chief Financial Officer. So we issued a [RNS] this morning where we've announced a strategic review which we announced in April with three objectives. Firstly, to simplify the Group; secondly, we want to better allocate capital resources across the Group; and finally, we want to identify additional steps to improve our cash generation and to deleverage the balance sheet.

I was always keen that this review had to have pace and plus the ongoing speculation around the Group in recent times has meant that we further accelerated this review over the past month and are today announcing its conclusions. We're also taking this opportunity to provide an update on the Group's indebtedness.

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot