Serco increases full-year guidance following ‘good progress’

Serco has updated its full-year guidance for 2024 having reported “good progress” in the first six months.
The outsourcing firm reports that group revenue is in line with expectations at around £2.4bn, and underlying operating profit is ahead of plan at approximately £140m, with progress in improving productivity and the underlying performance of its portfolio delivering a margin of around 5.8%.
The company also adds it is in a strong financial position with adjusted net