Serco Group Raises Annual Profit Forecast
Serco Group Raises Annual Profit Forecast
Serco Group Raises Annual Profit Forecast
News summary

Serco Group plc has raised its full-year profit guidance by £10 million to £270 million, driven by strong performance in the first half, with underlying operating profits exceeding expectations at around £140 million and ongoing share buybacks. The company attributes this positive outlook to productivity enhancements, strategic acquisitions, and a promising pipeline for medium-term growth. Despite concerns about potential international election impacts, Serco remains optimistic about its future work prospects. Revenue for the first six months is in line with forecasts at £2.4 billion, with growth in international immigration services and defense partially offsetting declines in other areas.

Story Coverage
Bias Distribution
100% Center
Information Sources
a3544a73-dab3-486d-ae75-bd4d15f01f55
Center 100%
Coverage Details
Total News Sources
1
Left
0
Center
1
Right
0
Unrated
0
Last Updated
133 days ago
Bias Distribution
100% Center
Related News
Daily Index

Negative

21Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News