IN BRIEF: Kier backs medium-term outlook as trading meets expectations

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Kier Group PLC - Manchester-headquartered construction firm - Says it performed ‘well’ in the period to April 30 from January 1, despite inflationary pressures. Says its order book stood at £8.5 billion on March 31, reflecting an increase of 6.3% from £8.0 billion on December 31. Continues to trade in line with its own expectations. Confident in achieving its medium-term targets, which include revenue of £4 billion to £4.5 billion and an adjusted operating profit margin of 3.5%.

Current stock price: 75.90 pence

12-month change: down 31%

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