Serco Group plc
Close period
30 June 2016
Serco Group plc ('Serco' or 'the Company'), the international service company, will be in a close period between 1 July 2016 and the publication of the results for the first half of the financial year on 4 August 2016. The Company will be holding meetings with analysts today, during which no additional material information will be disclosed.
On 25 May 2016, Serco issued a trading update which stated that financial performance in the first few months of the year had been stronger than previously anticipated, and that our latest forecasts led us to believe that Underlying Trading Profit for 2016 would be not less than £65m. There have been no subsequent changes to our expectations. As explained in that update, most of the items driving the stronger performance will not recur. This means that Underlying Trading Profit will be weighted significantly to the first half of 2016 and that the better performance in 2016 has not changed our views for 2017.
Ends
For further information please contact Serco:
Stuart Ford, Head of Investor Relations: T +44 (0) 1256 386 227
Marcus De Ville, Head of Media Relations: T +44 (0) 1256 386 226
About Serco
Serco is a leading provider of public services. Our customers are governments or others operating in the public sector. We gain scale, expertise and diversification by operating internationally across five sectors and four geographies: Defence, Justice & Immigration, Transport, Health and Citizen Services, delivered in UK & Europe, North America, Asia Pacific and the Middle East.
More information can be found at www.serco.com
Forward looking statements
This announcement contains statements which are, or may be deemed to be, "forward looking statements" which are prospective in nature. All statements other than statements of historical fact are forward looking statements. Generally, words such as "expect", "anticipate", "may", "should", "will" and similar expressions identify forward looking statements. By their nature, these forward looking statements are subject to a number of known and unknown risks, uncertainties and contingencies, and actual results and events could differ materially from those currently being anticipated as reflected in such statements. Factors which may cause future outcomes to differ from those foreseen or implied in forward looking statements include, but are not limited to: general economic conditions and business conditions in Serco's markets; contracts awarded to Serco; customers' acceptance of Serco's products and services; operational problems; the actions of competitors, trading partners, creditors, rating agencies and others; the success or otherwise of partnering; changes in laws and governmental regulations; regulatory or legal actions, including the types of enforcement action pursued and the nature of remedies sought or imposed; the receipt of relevant third party and/or regulatory approvals; exchange rate fluctuations; the development and use of new technology; changes in public expectations and other changes to business conditions; wars and acts of terrorism; and cyber-attacks. Many of these factors are beyond Serco's control or influence. These forward looking statements speak only as of the date of this announcement. Past performance should not be taken as an indication or guarantee of future results and no representation or warranty, express or implied, is made regarding future performance. Except as required by any applicable law or regulation, Serco expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statements contained in this announcement to reflect any change in Serco's expectations or any change in events, conditions or circumstances on which any such statement is based after the date of this announcement, or to keep current any other information contained in this announcement. Accordingly, undue reliance should not be placed on the forward looking statements.
