The latest announcement is out from Serco Group plc ( (GB:SRP) ).
Serco Group plc reported strong financial performance for 2024, with revenue reaching £4.8 billion and a 10% increase in underlying operating profit. Despite a goodwill impairment charge in Asia Pacific, the company maintained robust cash flow and a strong order book. Looking forward to 2025, Serco anticipates stable revenue with strategic growth in its North American defense business, bolstered by the acquisition of MT&S from Northrop Grumman. The company is poised to leverage its capabilities in a dynamic global environment, with a record pipeline of potential new work valued at £11.2 billion, ensuring continued growth and value creation for stakeholders.
More about Serco Group plc
Serco Group plc is a global service company primarily focused on serving government clients across various sectors including defense, space, migration, justice, healthcare, mobility, and customer services. The company leverages its expertise in service design, advisory, complex program management, systems integration, and asset management to deliver innovative solutions to complex challenges worldwide.
YTD Price Performance: 3.70%
Average Trading Volume: 2,576,114
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.59B
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