Sites that remain open in the U.S. Keller weather Covid’s storm

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About 90% of the company’s three hundred company jobs in the country have avoided closure.

Keller said most of the sites that remained open in North America helped him cope with the Covid-19 effect with emerging revenue and earnings in the first part of the year.

The region is the largest of corporations with more than 50% of their turnover from the United States and Canada.

Keller, the world’s largest geotechnical contractor with annual sales of approximately 2.3 billion pounds, works in more than six countries and employs about 10,000 people.

He said 90% of his three hundred sites in the United States remained open at the height of the pandemic, helping him increase his revenue in North America by 2% to 636.5 million pounds and his underlying operating profit by 14% to just about 39 million pounds.

Chief Executive Michael Speakman (pictured) said the maximum spaces affected so far by the closure of sites in the United States were the west and east coasts of the country: the company was allowed to continue working on key projects, such as hospitals and roads, in California. and New York, two of the states most affected by coronavirus.

“The center of the country has hardly been affected [by the closures],” he said. “Varies from state to state. Some take action, some don’t. He added that workloads have been more asymmetrical since last month, with some states tightening restrictions while others easing them.”

The company’s activities in its Region of Europe, which are also the Middle East and Africa, and Asia-Pacific, were the hardest hit, with revenues of 15% and 13%, respectively, at 286.5 million pounds and 116 million pounds.

Speakman said the UK, where Keller operates 3% of its business, had been slower to get out of closing than other countries, adding that his paintings in Germany, Poland and eastern countries had not been largely affected by site closures.

But he warned that next year could be more problematic if its order book, which stayed flat at £1bn, and the impact of covid-19 continued to hit the world economy.

“We are cautious [about next year] and are attentive to expectations,” Speakman said.

He added: “Ideally, a vaccine [covid-19] is a quick fix but, in the meantime, we just want to manage as much as possible and balance the risk.”

Revenues in the six months to June fell five cents to 1,039 billion pounds, with a profit before tax four less with a penny to 20.8 million pounds. Subconsistent or inconsistent with a higher source of income for a quarter to four8 million pounds.

 

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