{"id":532642,"date":"2025-11-13T10:02:44","date_gmt":"2025-11-13T10:02:44","guid":{"rendered":"https:\/\/www.constructionnews.co.uk\/?p=532642"},"modified":"2025-11-13T10:10:35","modified_gmt":"2025-11-13T10:10:35","slug":"kiers-order-book-hits-11-6bn","status":"publish","type":"post","link":"https:\/\/www.constructionnews.co.uk\/civils\/kiers-order-book-hits-11-6bn-13-11-2025\/","title":{"rendered":"Kier\u2019s order book hits \u00a311.6bn"},"content":{"rendered":"

Kier Group has reported a strong start to its 2025\/26 financial year, with its order book growing to approximately \u00a311.6bn.<\/p>\n

This figure, up from \u00a311bn at the end of June 2025, reflects a series of recent contract wins across infrastructure and construction.<\/p>\n

In a trading update issued ahead of its AGM, Kier said 94 per cent of expected revenue for the financial year to June 2026 is now secured. Performance is anticipated to be weighted to the second half, in line with prior years.<\/p>\n

Notable wins include a \u00a3700m highways and infrastructure contract with Norfolk County Council, which will run for up to 14 years from April 2026.<\/p>\n

Kier will also deliver \u00a3205m of reservoir works for United Utilities under AMP8, and four school schemes worth around \u00a3190m.<\/p>\n

It was additionally awarded a \u00a3116m Ministry of Justice contract to build 240 prison places at HMP Lancaster Farms, under the Small Secure Houseblocks Programme alliance.<\/p>\n

The group\u2019s Kier Design arm won seven lots on the Crown Commercial Service\u2019s Transport Technology Framework.<\/p>\n

In its property division, Kier secured planning approval for a 41,995 square metre logistics scheme in Andover, under its joint venture with Test Valley Borough Council.<\/p>\n

The firm also began work at the mixed use Riverwell regeneration project in Watford, with tenants including Tesco, Travelodge and Greggs.<\/p>\n

Chief executive Stuart Togwell, who formally took over from Andrew Davies<\/a> this year, said the business was trading in line with expectations.<\/p>\n

He added that Kier remained focused on operational delivery and cash management, following the refinancing of its revolving credit facility in October.<\/p>\n

The new \u00a3190m facility, up from \u00a3150m previously, runs for three years with an option to extend to 2030.<\/p>\n

Kier said its public sector focus positioned it well to benefit from ongoing government investment in infrastructure, particularly in sectors such as transport, justice, defence and nuclear.<\/p>\n

It also expects to benefit from regulatory spending in the water industry, it said.<\/p>\n

Source: Kier trading update<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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