Keller profit, cash performance better than expected

Geotechnical specialist contractor Keller said trading in the first four months of the year had been better than expected, both in terms of profit and cash.

North American underlying operating margins continued to improve as a result of good operational performance in the foundations business, coupled with the easing of inflationary and supply chain pressures, the company said on Wednesday.

At its Suncoast unit, trading performance was strong and better than expected, despite the anticipated slowdown in the residential sector.

Performance in Europe was in line with expectations.

Reporting by Frank Prenesti for Sharecast.com