Kier raises operating margin to 3.7%

Kier has kept its planned operational transformation on track and delivered an adjusted operating margin of 3.7% across the business.
Reporting improved results for the year to June 2022 this morning, Kier said a period of strong work winning had seen the forward order book swell 27% to £9.8bn, reflecting a large number of contract wins across all divisions.
Andrew Davies, chief executive, said much of this order intake was buttressed from inflationary headwind with around 60% for target r