Improved performance in second half in line with expectations; £5.6bn of contract awards for year to date; challenging US conditions offset by overall portfolio strength
Serco Group plc (Serco), the international service company, today issues its Interim Management Statement covering the Group's performance since 30 June 2012. With strong operations and a high level of new contracts having recently begun, the second half of the year is seeing the forecasted improvement in financial performance. It is therefore anticipated that 2012 will be in line with expectations and our outlook is unchanged from that set out in the results announced in August 2012.
Christopher Hyman, Chief Executive of Serco Group plc, said: "I am pleased with the business developments being made across the group, and particularly our operational achievements including the significant new contracts that have started in recent months. This supports the delivery of an improved financial performance in this second half and meeting expectations for the 2012 financial year. We continue to manage our portfolio proactively and it is showing its overall resilience and strength, with the challenging US market conditions being offset by our new BPO division and the AMEAA region both delivering excellent performances."
