In a trading update today, Kier said that it is now aiming to make an operating profit margin of between 4.0% and 4.5% in three-to-five years.
Its previous medium-term target had been 3.5%, although it beat that in FY2024 (year to 30th June 2024), achieving an adjusted operating margin of 3.8%.
鈥淏idding discipline and risk management embedded across the business has driven a higher quality order book, which combined with the recapitalisation of our property business has led us to increase our operating profit margin target,鈥� the company said today.
It added that trading over the three months to 30th April 2025 had continued to go well and in line with the board's expectations.