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In a trading update today, Kier said that it is now aiming to make an operating profit margin of between 4.0% and 4.5% in three-to-five years.
Its previous medium-term target had been 3.5%, although it beat that in FY2024 (year to 30th June 2024), achieving an adjusted operating margin of 3.8%.
“Bidding discipline and risk management embedded across the business has driven a higher quality order book, which combined with the recapitalisation of our property business has led us to increase our operating profit margin target,” the company said today.
It added that trading over the three months to 30th April 2025 had continued to go well and in line with the board’s expectations.
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