Interserve increases its 2014 full year dividend by 7%

DividendMax Ltd.

Interserve increases its 2014 full year dividend by 7%


Revenue growth of 33 per cent (organic growth of 10 per cent)

Total operating profit growth of 35 per cent (organic growth of 9 per cent)

Headline earnings per share growth of 23 per cent (organic growth of 14 per cent)

Full-year dividend: Recommended increase of 7 per cent to 23.0p

£4.1 billion of new business won in 2014

Record future workload of £8.1 billion, up 26 per cent

Chief Executive Adrian Ringrose commented:

"2014 was a landmark year for the business in which we advanced our strategy and delivered 35 per cent operating profit growth including strong organic growth despite continuing challenging conditions in a number of our markets. We made two strategic acquisitions (Initial Facilities and the Employment & Skills Group), each of which deepened our presence in core outsourcing markets.

Our focus on providing high quality services to both new and existing clients resulted in strong work winning during the year, with our future workload rising 26 per cent to a record £8.1 billion.

Looking to the future, we are encouraged by the growth potential of the business. Our attractive positioning in our core markets and our ability to identify, invest in and deliver on attractive project and corporate opportunities is a powerful differentiator." 

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