UK government outsourcer Serco lifted 2022 revenue guidance slightly, adding that revenue the following year would increase.
The company on Thursday said 2022 revenue would be around £4.5bn from prior estimates of £4.3-£4.4bn, despite a £480m fall in Covid-19-related sales, although this was partially offset by organic growth in the rest of Serco’s operations.
Underlying trading profit for 2022 was expected to be around £235m, up from previous guidance of £230m, with the same amount expected for next year.
Serco provides services including running immigrant detention and removal centres.
Reporting by Frank Prenesti for Sharecast.com
