A “strong” performance from Kier Construction Scotland has contributed to the Kier Group’s financial results for the year ended 30 June 2017.
Kier Group announced revenues of £4.27 billion (up 5%) and underlying profits from operation of £146 million (up 3%). The order book stands at £9.5 billion.
In Scotland, Kier has a turnover in excess of £150 million and over 200 employees. The contractor has been involved in a number of high-profile projects north of the border including the restoration of the fire-damaged Mackintosh Building for Glasgow School of Art, the William McIlvanney Campus in Kilmarnock and the A-listed Aberdeen Music Hall.
Brian McQuade, managing director of Kier Construction Scotland said, “In Scotland, Kier has secured a strong and steady pipeline of activity through increasing our framework and tender wins. Most recently we have been appointed as a partner on the £160 million Aberdeenshire Council Social Housing Improvement Framework and the £125 million Aberdeenshire Council Capital Works Framework.
“We have also strengthened our healthcare portfolio with a number of recent wins, including work with NHS Greater Glasgow and Clyde at Stobhill Hospital, NHS Highland at Raigmore Hospital in Inverness and we have been appointed principal supply chain partner at Golden Jubilee National Hospital under Frameworks Scotland 2.
“Education remains an important sector for us and we are currently developing the design and build requirements for the new £25 million Queen Margaret Academy in Ayr and we are on site at the £43 million William McIlvanney Campus in Kilmarnock and at the £35 million redevelopment of Marr College in Troon. In conjunction with our partners, hub South West, we have recently completed the £25 million Ayr Academy for South Ayrshire Council and the £36 millon Garnock Campus for North Ayrshire Council.
“Kier Construction Scotland is also working on an exciting range of heritage projects, restoring some of the country’s most important landmarks for future generations to enjoy. We have just completed the new roof as part of the intricate restoration work that we are carrying out at the world-renowned Mackintosh Building for Glasgow School of Art. We have also completed the first phase of the Grade A-listed sandstone building off Lauriston Place for Edinburgh College of Art, in time for the new academic year and work is on schedule as we restore of one of Scotland’s oldest and most historic concert halls – the A-listed Aberdeen Music Hall.”
Haydn Mursell, group chief executive commented, “Our underlying performance for the year was good. Having simplified our portfolio, the Group is more focused and able to pursue its growth ambitions in our three core markets; building, infrastructure and housing, which now represent 90% of the Group’s revenue and profit. We continue to invest in the business to improve our operational efficiency, providing a robust platform on which to take advantage of the strong long-term fundamentals in these core markets.”
