About Serco Serco is a leading provider of public services. Our customers are governments or others operating in the public sector. We gain scale, expertise and diversification by operating internationally across five sectors and four geographies: Defence, Justice & Immigration, Transport, Health and Citizen Services, delivered in UK & Europe, North America, Asia Pacific and the Middle East. More information can be found at www.serco.com Forward looking statements This announcement contains statements which are, or may be deemed to be, forward-looking statements which are prospective in nature. All statements other than statements of historical fact are forward-looking statements. Generally, words such as expect , anticipate , may , could , should , will , aspire , aim , plan , target , goal , ambition , intend and similar expressions identify forward looking-statements. By their nature, these forward-looking stat
Serco Guides For Profit And Revenue Rises In 2020 And 2021
Thu, 17th Dec 2020 11:03
(Alliance News) - Serco Group PLC on Thursday said it expects to report a stronger performance in 2020, fostering confidence in continued growth in 2021.
Shares in the Hampshire-based outsourcer were up 3.4% at 124.10 pence on Thursday in London.
For 2020, underlying trading profit is expected to rise by around 35% to between GBP160 million and GBP165 million, compared to GBP120.2 million in 2019.
This is on revenue that is anticipated to grow by 19% year-on-year to GBP3.9 billion from GBP3.25 billion, driven by a contribution from the NSBU naval business in North America, the provision of Covid-19 related services in the UK and strong demand from Services Australia and Serco s Immigration Services units. Organic revenue growth is seen at 16%.