Kier Group Full Year 2024 Earnings: Misses Expectations

In This Article:

Kier Group (LON:KIE) Full Year 2024 Results

Key Financial Results

  • Revenue: UK£3.91b (up 16% from FY 2023).

  • Net income: UK£51.0m (up 24% from FY 2023).

  • Profit margin: 1.3% (in line with FY 2023).

  • EPS: UK£0.12 (up from UK£0.095 in FY 2023).

revenue-and-expenses-breakdown
revenue-and-expenses-breakdown

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kier Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 12%.

The primary driver behind last 12 months revenue was the Infrastructure Services segment contributing a total revenue of UK£1.99b (51% of total revenue). Notably, cost of sales worth UK£3.57b amounted to 91% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£251.7m (89% of total expenses). Explore how KIE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Construction industry in the United Kingdom.

Performance of the British Construction industry.

The company's shares are down 2.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Kier Group that we have uncovered.

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