Kier Group Full Year 2024 Earnings: Misses Expectations

Simply Wall St

October 06, 2024

Kier Group (LON:KIE) Full Year 2024 Results

Key Financial Results

Revenue: UK£3.91b (up 16% from FY 2023).
Net income: UK£51.0m (up 24% from FY 2023).
Profit margin: 1.3% (in line with FY 2023).
EPS: UK£0.12 (up from UK£0.095 in FY 2023).

revenue-and-expenses-breakdown — LSE:KIE Revenue and Expenses Breakdown October 6th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kier Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 12%.

The primary driver behind last 12 months revenue was the Infrastructure Services segment contributing a total revenue of UK£1.99b (51% of total revenue). Notably, cost of sales worth UK£3.57b amounted to 91% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£251.7m (89% of total expenses). Explore how KIE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Construction industry in the United Kingdom.

Performance of the British Construction industry.

The company's shares are down 2.0% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Kier Group that you should be aware of before investing here.

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Discover if Kier Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.