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Serco Group plc ( (GB:SRP) ) just unveiled an update.
Serco Group plc’s 2024 trading update highlights a strong financial performance with revenue expected to be around £4.8bn and an underlying operating profit of approximately £270m, reflecting a significant improvement in the second half of the year. The company anticipates a resilient outlook for 2025, with revenue expected to remain stable despite challenges in the immigration sector, and a focus on growth opportunities in the US defense market and other areas. The completion of a £140m share buyback signals a robust financial position, enabling continued investment in growth and shareholder returns.
More about Serco Group plc
Serco Group plc is an international provider of services and support to governments. The company operates in various sectors including defense, justice, immigration, and citizen services, with a strong market presence in North America and Europe.
YTD Price Performance: -13.50%
Average Trading Volume: 4,225,336
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.39B
For an in-depth examination of SRP stock, go to TipRanks’ Stock Analysis page.
