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Serco SEA - close period

Published: 30 Jun 2016

Serco Group plc ('Serco' or 'the Company'), the international service company, will be in a close period between 1 July 2016 and the publication of the results for the first half of the financial year on 4 August 2016.  The Company will be holding meetings with analysts today, during which no additional material information will be disclosed.

On 25 May 2016, Serco issued a trading update which stated that financial performance in the first few months of the year had been stronger than previously anticipated, and that our latest forecasts led us to believe that Underlying Trading Profit for 2016 would be not less than £65m.  There have been no subsequent changes to our expectations.  As explained in that update, most of the items driving the stronger performance will not recur.  This means that Underlying Trading Profit will be weighted significantly to the first half of 2016 and that the better performance in 2016 has not changed our views for 2017.