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.”

Finance & Funding

For more information on companies in this article

Related Content

  • Kier rebuilds storm-damaged road in England’s tourist Cumbria region
    May 10, 2016
    The first of 20 steel posts have been positioned for major road repairs to the A591 road in northern England under a £40 million project to repair December storm damage. The A591 is a major local authority road in Cumbria. It links the M6 motorway near Brettargh Holt with important Lake District tourist destinations such as Kendal, Windermere, Ambleside, Grasmere and Keswick.
    Read More
  • Innovative surface treatment for concrete road
    July 30, 2019
    An innovative surface treatment approach by Foster Contracting Limited has been developed for use on a £745million roads project in Aberdeen, Scotland. The specialist contractor, Foster Contracting Limited (FCL), has played a key role in a major project, to build the Aberdeen Western Peripheral Route/Balmedie-Tipperty (AWPR/B-T). AWPR Construction Joint Venture, the contractor appointed to design and construct the project, approached FCL to provide a customised treatment to remove the latency from the sl
    Read More
  • Montreal’s new Champlain Bridge is shaping up for Christmas
    September 10, 2018
    Montreal’s Champlain Bridges - one going up, one coming down, reports David Arminas The importance of the new Champlain Bridge to Montreal and Canada can’t be overstated, given the crumbling nature of the not-so-old original Champlain Bridge. The original steel truss affair across the St Lawrence River and the adjacent St Lawrence Seaway canal is “a lifeline for residents and businesses” in greater Montréal, according to the national Auditor General - the public sector spending watchdog. “It accommodates
    Read More
  • Set the ALARM for repairs in England and Wales
    January 10, 2019
    More than 3,900km of roads in England and Wales will need essential maintenance within the next year, according to the annual ALARM survey* Cash-strapped local governments are reporting that the gap between the funds they received and the amount they needed for repairs and maintenance was almost €639 million. This equated to an average shortfall of €3.75 million for every authority. It would take 14 years to get local roads back into a reasonable steady state, but only if adequate funds and resources wer
    Read More

Highlighted Content