DOING BUSINESS BETTER. TOGETHER

Serco expects double digit growth

15 Dec 2009 12:00 AM | Anonymous

Public sector services company Serco has announced it expects double-digit revenue growth in advance of its 2009 year-end results. The company also predicts overall growth of up to ten per cent, it revealed in a statement today.

In February, it forecast revenue would increase to about £5bn and adjusted operating profit margin to 6.3 percent by the end of 2012, excluding material acquisitions, disposals and currency effects.

In a pre-AGM statement, Serco said: “The significant challenges facing our customers are driving their need to improve the efficiency and productivity of essential services, which together with our strong capabilities, gives us confidence in our prospects for the future.”

Martyn Hart, NOA Chairman, said: “2010 should be a good year for companies serving the public sector such as Serco. Those delivering public services will be doing a lot more outsourcing in 2010 as they struggle to slash their outgoings whilst keeping the public happy.”

Serco’s full year results will be published on 26 February.

Powered by Wild Apricot Membership Software