The ground engineering firm said profits in its UK and European business were being hit by more challenging trading in the construction sector.
Ground engineering firm Keller Group has hiked its full-year earnings outlook, but revealed “corrective actions” across the UK and Europe amid tough trading in the region.
“Accordingly, the anticipated profitability improvement in the second half will be less than expected and, as a result, we are taking appropriate corrective actions,” Keller said. Michael Speakman, chief executive of Keller, said: “The Keller team has built on an exceptionally strong first half to deliver a better than expected third-quarter performance, and consequently we now expect full-year underlying profit to be materially ahead of current market expectations.”
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