15 November 2021 - trading update

The public sector outsourcing group Serco has announced a trading update for 2021 following a period of better than expected trading.  This has led the group to raise revenue forecasts for 2021 to £4.4bn, whilst underlying trading profit for the year is likely to be at least £225m. The increases have been driven by a number of factors, including high volumes of work related to COVID-19 for the Governments of both the UK and Australia, a better performance than expected on certain contracts, notably those related to immigration and additional volumes of business . . .

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