UK-based geotechnical specialist Keller Group expects 2026 revenue and profit to beat market forecasts due to increased activity in infrastructure and data centres in the US and Canada.
Ahead of publishing its interim results in early August, Keller Group has upgraded its full-year 2026 expectations due to stronger-than-expected trading performance. This follows an annual general meeting trading update from 20 May 2026, in which the geotechnical specialist contractor reported a strong start to the year.
Since then, Keller said “positive momentum has accelerated”. This has been particularly visible in North America, where the group’s largest division – accounting for 60% of the company’s revenue – has outperformed management expectations during the remainder of the second quarter.
While the company has witnessed a slowdown in the south Florida residential market, the North American division has worked on multiple data centre projects and has won several high-value infrastructure contracts.
Keller chief executive officer James Wroath said: “This reflects Keller’s ability to identify and respond to structural megatrends and pivot to subsectors with strong customer demand which drive business growth.”
In other regions, projects in Scandinavia, central Europe and the Middle East have helped offset continued subdued market conditions in western Europe. The Asia Pacific division performed broadly as expected, with Keller company Austral doing well despite pricing pressures in Australia’s foundations market.
Keller also said its order book has reached a record level at around £1.9bn. This has been boosted by the significant multi-year I-40 highway remediation contract in the US.
Keller’s board now expects that “revenue and underlying operating profit for the full year 2026 will be materially ahead of current market consensus”.
Current analyst estimates forecast £3.15bn in revenue – up from £3.09bn in 2025 – and underlying operating profit of £223M for the year ending 31 December 2026.