Keller Group plc, the world’s largest geotechnical specialist contractor, issued a trading update confirming that it expects to deliver full-year 2026 results in line with the board’s expectations, supported by a strong trading performance during the first four months of the year.
The company reported robust trading compared with the prior year period across its core operations, driven particularly by the strong performance of its North American foundations business, which has been one of the most closely watched segments of Keller’s portfolio following challenges in recent years related to project execution and margin pressure.
The group’s order book strengthened during the period, reaching approximately £1.7 billion at the end of April 2026, a level that provides meaningful revenue visibility for the remainder of the year and reflects the continued strength of infrastructure construction activity across North America and the group’s other key regions.
Keller also provided an update on its £100 million share buyback programme, launched on 30 March 2026, under which the company had repurchased approximately 834,000 shares at a total cost of approximately £18 million by the date of the update, representing steady progress against the programme’s full authorisation.
The company trades on the London Stock Exchange under the ticker KLR, with a market capitalisation of approximately £1.48 billion and a current share price around 2,289 pence, having risen 1.1% on the day of the trading update.
Full interim results for the first half of 2026 are scheduled to be published on 4 August 2026, at which point investors will receive a more detailed breakdown of performance by geography, margin progression in North America, and order book composition.
The positive tone of the update, combined with the continued execution of the buyback and the strength of the order book, reflects a management team that appears comfortable with the current trajectory heading into the seasonally stronger summer construction months across its key markets.
