OUTSOURCING specialist Serco Group highlighted strong growth opportunities throughout its international business, despite “headwinds” in the UK and US in a trading update released yesterday.
The business, which operates the Merseyrail network franchise in a joint venture with Dutch rail group Abellio, revealed it had secured £1.9bn of new contract awards in the period since June 30.
Its total order book for new contracts in the year so far stands at £4.4bn.
And it said it anticipates its full-year results will be in line with expectations.
The statement said: “Assuming the impact of ongoing economic challenges is manageable, our guidance remains that by the end of 2012 we expect increases in revenue to approximately £5bn and in adjusted operating profit margin to approximately 6.3%, excluding material acquisitions, disposals and currency effect.”
The statement concluded: “Strong, longer-term growth opportunities remain across the group.”
