LONDON (dpa-AFX) - Keller Group plc (KLR.L) said it expects to outperform current market expectations for 2020, with full year performance at similar levels to 2019 despite the disruptive impact of COVID-19.
The company continues to see a softening in order intake, albeit overall the order book remains robust. 'Given the late cycle nature of our business and uncertain global macroeconomic environment, our expectations for 2021 remain unchanged,' the company stated.
In North America, operational efficiency has been better than anticipated in the second half, despite the disruptive logistical impact of COVID-19. Meanwhile, trading in EMEA was mixed with the impact of extended holiday shutdowns in Q3 exaggerated by COVID-19, partly offset by the benefits of new project awards.
Further, in APAC, trading remains healthy and the division is returning to near normal levels, with activity improving in Singapore and Australia.
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