Serco Group PLC (FRA:SEO)
€ 1.9 0.02 (1.06%) Market Cap: 1.91 Bil Enterprise Value: 2.67 Bil PE Ratio: 12.36 PB Ratio: 1.67 GF Score: 77/100

Half Year 2019 Serco Group PLC Earnings Call Transcript

Jul 31, 2019 / 09:45AM GMT
Release Date Price: €1.5 (-1.32%)
Rupert C. Soames
Serco Group plc - Group CEO & Director

Welcome to the Serco 2019 Half Year Results. My name is Rupert Soames, and I am Chief Executive. And I know this is a very busy day for you all, so we're going to try and rattle through. But I do want to spend time, if possible, with Kevin Craven, who runs 40% of our business, runs the U.K. business, and he's going to give a specific section on the U.K. business.

So it's been a good first half, actually, pleased with the first half. It's been building on the inflection point that we saw in 2018, good trading and financial performance, revenue up 6% at constant currency, of which 4% was organic. This is the first period since 2013 that we've actually achieved some organic growth. Underlying trading profit of GBP 51 million, up 29% at constant currency or 25% excluding the beneficial impact of IFRS 16 on the UTP. Underlying EPS, up 35%. And free cash flow by a maths whisker turned positive again for the first time since 2014. But strikingly, a very, very strong order intake in the first half. GBP 3.3 billion of order intake and 2019 will,

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot