Skip to main content

Kier’s strong financial performance

Kier Group has announced a strong financial performance for its full-year results to 30th June 2018. The results were bolstered in particular by a solid performance in its highways business. The company claims that this has reinforced the firm’s position as the UK’s leading provider of highways management and maintenance services. Over the 12 months, Kier has maintained its position as the lead supplier to Highways England. Securing two three-year extensions to 2021 and 2022 respectively worth over £250 m
September 20, 2018 Read time: 2 mins
Kier has been successful in the Australian roads market
8139 Kier Group has announced a strong financial performance for its full-year results to 30th June 2018. The results were bolstered in particular by a solid performance in its highways business. The company claims that this has reinforced the firm’s position as the UK’s leading provider of highways management and maintenance services.


Over the 12 months, Kier has maintained its position as the lead supplier to 8100 Highways England. Securing two three-year extensions to 2021 and 2022 respectively worth over £250 million/year were secured in Areas 3 & 9 the business has also won six-month extensions on Areas 6 & 8.

Following 2435 Carillion’s liquidation, its work on the M6 junctions 16-19 has transferred to Kier, complementing other Smart Motorways work the business carries out on the M6 junctions 13-15, the M20 and M23.

Kier says it has upheld its position as key provider of local authority highways maintenance services such as with the £147 million Shropshire County Council highways contract agreed on 1st June 2018.

In Australia, the joint venture with DM Roads was successful in being awarded two new contracts; the five-year £180 million Perth Metropolitan Network Contract and the five-year £30 million Goldfields-Esperance Rural Network Contract. These contracts reflect the increasing demand for new and upgraded roads in the region in light of population growth.

Dave Wright, executive director for Highways, commented: “This is a solid set of results for the highways business and are a testament to the successful work our teams have been undertaking on behalf of our clients. We are delighted to have secured extensions on Areas 3 & 9 and 6 & 8 and look forward to continuing to work with Highways England and our supply chain to build upon its current way of working.

“We place collaboration, innovation and safety at the heart of our business. We continue to work closely with our clients and the supply chain to bring new and innovative technologies to the road network that increase safety for road workers and users, as well as improving efficiency.”

For more information on companies in this article

Related Content

  • WheelRight’s John Catling says put the brakes on under-inflation
    September 30, 2016
    It’s official – Britain’s tyres are unloved and under-inflated, according to recent research. But WheelRight’s chief executive, John Catling, believes that the research results are indicative of a global problem.
  • Terex Cranes is bullish with strong results
    February 25, 2019
    Terex Cranes reports strong financial performance, with fourth quarter 2018 net sales of $1.2 billion. This performance is an increase of 16% compared with the $1.1 billion achieved for the fourth quarter of 2017. For the full year 2018, Terex reported net sales of $5.1 billion, an increase of 18% over the $4.4 billion achieved for 2017. Meanwhile Terex has also announced it plans to to sell its Demag Mobile Cranes business to the Japanese firm Tadano. In addition, Terex Cranes will exit the mobile crane
  • Wacker Neuson reports strong growth for 2022
    March 29, 2023
    Wacker Neuson is reporting strong growth for 2022.
  • Kijlstra mega-order for A1 upgrade
    February 9, 2017
    Kijlstra is supplying the A1 Leeming to Barton Improvement Scheme in the UK with one of the largest orders it has ever received for its precast square manholes. The Highways England scheme is being delivered by the Carillion Morgan Sindall joint venture. Once completed the scheme will unlock growth and boost the economy by creating a continuous motorway-standard route between London and Newcastle (including the M1 and A1M). It will also improve journey times and increase safety. As part of this proje