Serco Group (SRP)

Sector:

Support

Index:

FTSE 250

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

Serco H1 revenue and profits decline, maintains FY guidance

By Iain Gilbert

Date: Thursday 01 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Shares in public services provider Serco were in the red on Thursday after the group revealed that both revenue and profits had fall in the six months ended 30 June.
Serco said interim revenues had contracted from £2.47bn to £2.35bn, while underlying profits were down 4% year-on-year at £142.0m and reported operating profits slumped 31% to £130.0m.

Despite the H1 profit decline, the FTSE 250-listed group hiked its interim dividend by 18% year-on-year to 1.34p per share and said the remaining £83.0m of its £140.0m share buyback would be completed during H2.

Serco reiterated its full-year guidance as it said its focus on productivity and driving improvement across its portfolio had already "seen good progress at this early stage", with £1.9bn of new wins leaving its order book at a "strong" £13.5bn.

Chief executive Mark Irwin said: " Our focus on productivity and driving improvement across our portfolio has seen good progress at this early stage.

"While mindful of a potential impact internationally from elections in 2024, we are confident about the quality of our pipeline of potential new work to achieve our medium-term growth targets."

As of 1215 BST, Serco shares had slumped 7.05% to 178.0p.















Reporting by Iain Gilbert at Sharecast.com

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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 193.10
52 Week Low 143.00
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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