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

  • Cummins reports strong Q2 results for 2022
    August 4, 2022
    Cummins is reporting strong results for the second quarter of 2022.
    Read More
  • Speakers lined up for “Highways UK - Roads for a Modern Britain”
    August 5, 2016
    Highways UK - Roads for a Modern Britain is a major event on 16-17 November that will bring together those responsible for planning, developing, managing and maintaining Britain’s road network. There will be profound changes resulting from the recent formation of Highways England, the new government-owned strategic highways company. Delegates to Highways UK – Roads for a Modern Britain from 16-17 November at the NEC in Birmingham will hear prominent transport and infrastructure specialists discuss what t
    Read More
  • Serbia’s pan-European Corridor X is in the slow lane
    October 23, 2017
    It’s been slow progress on Serbia’s Corridor X project. Gordon Feller reports. Back in the early 2000’s, the European Union undertook an ambitious programme to link the main cities of its south-eastern region. This involved connecting five key seaports – the Greek cities of Patras, Igoumenitsa, Piraeus and Thessaloniki as well as Romania’s Black Sea city of Constanta. Initially the plan involved two motorways across Greece. The first was a new 780km route including a branch to Ormenio on Greece’s north-eas
    Read More
  • Kenya rehabilitates, widens, tolls Northern Corridor
    November 8, 2017
    A massive highway project in Kenya will boost transport for the country as well as its neighbours - Shem Oirere reports. Kenya has commenced the process of rehabilitating, expanding and tolling of 657km of East Africa’s Northern Corridor that is anchored on the Indian Ocean port of Mombasa and which links the gateway with landlocked countries of Uganda, Rwanda, Burundi and parts of eastern Democratic Republic of Congo (DRC).
    Read More

Highlighted Content