Pre-close Trading Update
Date: 16 Dec 2010
Ahead of meetings with analysts prior to its financial year end on 31 December 2010, Serco Group plc (Serco) reconfirms the guidance given in its Interim Management Statement on 15 November. We remain on track to deliver our financial guidance for 2010, which is for continued strong organic revenue growth and further progress towards our 2012 margin guidance.
Our confidence is underpinned by the strong global demand for the efficient delivery of essential services which drives significant opportunities for Serco in both existing and new markets, and by our operational and financial performance during the year to date. Serco will release its 2010 full year results on 2 March 2011.
For further information please contact Serco:
Dominic Cheetham, Director of Corporate Communications T +44 (0) 208 334 4334
Jill Sherratt, Interim Head of Investor Relations T +44 (0) 208 334 4122
Marcus De Ville, Head of Media Relations T +44 (0) 208 334 4388
Our projections are that, by the end of 2012, our revenue will increase to approximately £5bn and our Adjusted operating profit margin to approximately 6.3%, excluding material acquisitions, disposals and currency effects, based on 2008 exchange rates. In 2010, we expect continued strong organic growth and further progress towards our 2012 margin guidance.
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