Serco has released its fiscal figures for 2009, indicating strong operational performance and growth; awarded contracts valued at £5.8B. The firm signed contracts valued at £4.5B and appointed preferred bidder for £1.3B of contracts.
Serco also further strengthened business portfolio and extended capabilities into new growth markets and delivered strong operational performance and successfully launched major new contracts while building a strong platform for growth in US through excellent progress on integration of SI acquisition and maintained high win rates of one in two new bids and 90% of rebids.
Serco reported that revenue grew by 27.1%; 20.8% excluding currency; 10.2% excluding SI and currency, while adjusted operating profit margin increased 50bps; 45bps excluding currency; 27bps excluding SI and currency
“Serco delivered a very strong performance in 2009, and has entered 2010 with a record order book and significant opportunities in the UK and internationally, ” said Christopher Hyman, CEO, Serco Group plc. “Fiscal pressures are increasing in all of our global markets, presenting ever greater opportunities for the efficient delivery of essential services. The breadth of our capabilities, and our track record, enables us to be selective in pursuing the best opportunities to deliver results for all of our stakeholders.”
