Keller Group PLC (LON:KLR) said it remains “cautiously optimistic” as the year has started well with a £1bn order book.
The ground engineering specialist said it will benefit from medium-term market trends such as urbanisation and infrastructure growth.
READ: Keller promises two years of extra dividends after tweaking strategy
The firm added it remains mindful of challenging global macroeconomic conditions and the potential indirect impact of the coronavirus outbreak.
Analysts at Liberum said it is "hard" to assess customer behaviour and the possible impact on the demand outlook.
In the year to 31 December, revenue rose 3% to £2.3bn while underlying profit before tax was up 4% to £83mln.
Net debt rose 26% to £289mln, while the dividend was hiked 11% to 40p per share.
Shares jumped 6% to 760p on Tuesday morning.