International ground engineering specialist Keller Group PLC recently announced record year-end revenue for 2012 of more than $2 billion. Revenue is up 14 percent from $1.7 billion in 2011.
“These results reflect an improved performance in three of our four divisions, driven by a combination of the self-help measures taken across the group and a strong performance by our business in North America, where market conditions continue to improve,” said CEO Justin Atkinson.
Atkinson adds that the company’s EMEA division saw performance gains in the challenging Europe market after taking a loss in the first have. In balance, the division saw a profit for the year.
Other highlights of the statement include a doubling of before-tax profits, to $66.1 million from $33.3 million, and reduction in year-end debt, to $77.7 million from $155.7 million.
“Overall, we are confident that 2013 will be another year of progress and that the measures we have taken, and continue to take, will further improve and develop our business,” Atkinson said.
Keller’s financial year ended Dec. 31, 2012.
Keller-a market leader in the U.S. and Australia-touts itself as the world’s largest ground engineering specialist offering foundation solutions to the construction industry. It has more than $2 billion in annual revenue and about 7,000 employees worldwide.
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