HOOK (dpa-AFX) - Serco Group PLC (SRP.L) said it expects underlying
operating profit in 2023 of around 245 million pounds, which represents an
increase of 3% compared to last year. The Group expects revenue to be at least
4.8 billion pounds in 2023, approximately 7% higher than prior year. Organic
revenue growth is projected to be in the region of 4%.

For 2024, the Group projects: underlying operating profit of approximately 260
million pounds, revenue of approximately 4.8 billion pounds, and organic sales
decline of approximately 3%.

The Group's expectation remains that the business will grow revenues at an
average of 4-6% a year over the medium term and profits will grow faster than
it.

Serco Group has announced an agreement to acquire European Homecare for a
consideration of 40 million euros. EHC is a private provider of immigration
services in Germany. The Group has also agreed to acquire Climatize, a small
business that operates in the United Arab Emirates and the Kingdom of Saudi
Arabia offering 'zero-carbon' advisory and related engineering services.

For more earnings news, earnings calendar, and earnings for stocks, visit
rttnews.com.



Copyright(c) 2023 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX