Kier Group PLC (LSE:KIE)
£ 1.434 -0.028 (-1.92%) Market Cap: 632.50 Mil Enterprise Value: 637.60 Mil PE Ratio: 15.09 PB Ratio: 1.21 GF Score: 49/100

Half Year 2023 Kier Group PLC Earnings Call Transcript

Mar 09, 2023 / 09:00AM GMT
Release Date Price: £0.701 (-5.53%)
Andrew O. B. Davies
Kier Group plc - CEO & Executive Director

Okay. Good morning, everyone, and thank you for joining our half year results presentations both here in person, and I'd also like to extend a welcome to those joining us by webcast and audio. I'm Andrew Davies, Chief Executive of Kier Group, and I'm joined today by Simon Kesterton, our Chief Financial Officer.

So this morning, I will talk you through the highlights of the last 6 months to 31st of December 2022 and then hand you over to Simon, who will talk you through the group's financial performance. This will be followed by an operational review, an update on ESG, and we will finish off with our outlook. And then there'll be an opportunity for questions and answers at the end.

So if we move on to the disclaimer and we look at the FY -- sorry, the half year '23 highlights on Slide 4. So we delivered a strong set of results in the first 6 months. We had a positive momentum in the business. Infrastructure Services, revenue grew by 5% and Construction grew by 4%. We do, however, continue to see inflationary pressures in

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