Serco Group plc (GB:SRP) has released an update.
Serco Group plc has raised its full-year profit guidance by £10 million or 4% to £270 million after a strong first-half performance, with underlying operating profits surpassing expectations at approximately £140 million and a share buyback program underway. Revenue is aligned with forecasts at £2.4 billion, and the company anticipates better free cash flow and lower financial leverage than previously projected. This optimistic outlook is underpinned by productivity improvements, strategic acquisitions, and a robust pipeline for medium-term growth.
For further insights into GB:SRP stock, check out TipRanks’ Stock Analysis page.
