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Keller hopes to profit from energy transition

Reduced demand for residential property will hopefully be offset by liquid natural gas projects.
August 2, 2022
  • Dividend increased
  • Saudi Arabia project offers potential revenue

Keller builds foundations for infrastructure, energy and residential projects across the world, which means it is more exposed to the whims of macroeconomic trends than most. Currently, and inevitably, it is inflation that is causing the biggest issues. Revenue was up 36 per cent in the first half of the year, but operating margins slipped 30 basis points because of increasing labour and raw material costs.

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