Serco Group (SRP)

Sector:

Support

Index:

FTSE 250

175.10p
   
  • Change Today:
    -2.30p
  • 52 Week High: 193.10p
  • 52 Week Low: 143.00p
  • Currency: UK Pounds
  • Shares Issued: 1,038.42m
  • Volume: 7,864,471
  • Market Cap: £1,818.28m
  • RiskGrade: 174

Serco backs 2023 guidance as trading profit, revenues rise

By Michele Maatouk

Date: Tuesday 28 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Outsourcer Serco hiked its dividend on Tuesday as it reported a rise in full-year profit and revenue despite a decline in Covid-related work.
In the year to the end of December 2022, underlying trading profit was up 4% at £237m. Revenues were ahead 2% at £4.5bn. Serco said this was despite Covid-related revenues reducing by £480m. Excluding Covid and currency, revenue grew 11%.

Serco hailed a strong performance from its international portfolio, pointing out that three quarters of underlying trading profit were derived from outside the UK.

The order book grew 8% to £14.8bn and the dividend per share was lifted 19% to 2.86p.

Serco backed its guidance for 2023, saying it continues to expect underlying trading profit to be similar to 2022 at around £235m.

Chief executive Mark Irwin said it had been "another year of profound global challenges", with the war in Ukraine, high inflation and the lingering effects of Covid.

"Against this very difficult backdrop Serco has delivered another year of strong operational and financial performance, growing revenues and profits despite Covid work coming to an end," he said.

"As well as a strong and consistent financial performance, we move out of the Covid period, with a business that has stronger customer relationships, improved geographic diversity, more resilience, and greater opportunities focused on impacting a better future for people, place, and planet."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Serco Market Data

Currency UK Pounds
Share Price 175.10p
Change Today -2.30p
% Change -1.30 %
52 Week High 193.10p
52 Week Low 143.00p
Volume 7,864,471
Shares Issued 1,038.42m
Market Cap £1,818.28m
RiskGrade 174

Serco Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.04% below the market average77.04% below the market average77.04% below the market average77.04% below the market average77.04% below the market average
51.11% below the sector average51.11% below the sector average51.11% below the sector average51.11% below the sector average51.11% below the sector average
Price Trend
30.02% above the market average30.02% above the market average30.02% above the market average30.02% above the market average30.02% above the market average
7.07% above the sector average7.07% above the sector average7.07% above the sector average7.07% above the sector average7.07% above the sector average
Income
39.49% below the market average39.49% below the market average39.49% below the market average39.49% below the market average39.49% below the market average
18.64% below the sector average18.64% below the sector average18.64% below the sector average18.64% below the sector average18.64% below the sector average
Growth
4.39% above the market average4.39% above the market average4.39% above the market average4.39% above the market average4.39% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 6
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Serco Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-24 18-Apr-24
Paid 04-Oct-24 10-May-24
Amount 1.34p 2.27p

Trades for 31-Oct-2024

Time Volume / Share Price
16:58 499 @ 176.31p
16:58 10,840 @ 176.31p
16:58 5,023 @ 176.31p
16:58 9,833 @ 176.31p
16:58 876 @ 176.31p

Serco Key Personnel

CEO Mark Irwin

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