Kier expects to cut its monthly net debt by £20m by the first half of the 2019 financial year, as it continues to make measures to future proof its business.
In a trading update issued this morning, the firm acknowledged that its level of net debt is a “key focus” for industry stakeholders and announced that its average monthly net debt was set to fall to around £390m for the first half of its 2019 financial year, down from £410m for the second half of the 2018 financial year.
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