Keller encouraged by US market as European conditions worsen

Joseph Millis
GROUND engineering specialist Keller said yesterday its financial performance was ahead of last year’s, but noted that the North American and European markets remained challenging, with order intake slowing over the past few months.

During the period covering 1 July to 16 November, the company said revenue and operating profit were ahead of the comparable period in 2013. However, it added that order intake had slowed since a strong first half of contract awards.

The company did not release any revenue or profit figures yesterday. In North America, which accounts for around half of the company’s revenue, Keller said the Canadian construction market had not grown as fast as the US market, while European markets remained tough.