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Financial highlights

    Interserve at a glance

Adrian Ringrose - chief Executive“2016 was a mixed year for the Group. We delivered a strong cash performance and the majority of our businesses performed well despite political and economic uncertainties, together with the impact of the National Living Wage in the UK. However, the performance of our UK Construction business was disappointing, and we are focussing our efforts on improving and re-shaping this business.”

ADRIAN RINGROSE, INTERSERVE CHIEF EXECUTIVE

Financial highlights

Please see the annual financial highlights below.

  2016 2015
Revenue £3,244.6m £3,204.6m
Headline total operating profit* £124.2m £145.0m
Headline pre-tax profit* £106.5m £128.6m
(Loss) / Profit before tax £(94.1)m £79.5m
Headline earnings per share* 63.3p 75.6p
Full-year dividend 8.1p 24.3p

Highlights

  • Revenue constant at £3.2 billion
  • Headline total operating profit of £124.2 million. Strong performances from Equipment Services and Construction International and resilience in Support Services UK, offset by weak performance from Construction UK
  • Exited business: exceptional charge of £160 million, due to delays and performance issues on Energy from Waste contracts
  • Equipment Services strategic review concluded and updated strategy being implemented 
  • Strong underlying cash generation, gross operating cash flow of £239.2 million. New banking facilities in place to address cash outflows from exited business
  • Dividend per share 8.1p – no final dividend proposed in order to enhance liquidity levels while continuing to invest in our core businesses
  • Strong future workload of £7.6 billion, with particularly strong workload growth in Construction International
  • Key contract wins with both new and existing clients including the Defence Infrastructure Organisation, the Home Office, BBC, JLL, Land Securities, Severn Trent, Meraas (Dubai), SEPCO (Oman) and InterContinental Hotels Group (Qatar)
  • CEO succession well advanced

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SustainAbility
Education system that places learners at its heart
Education System - Chief Executive Adrian Ringrose.

Interserve has a vested interest in an education system that places learners at its heart and it is responsive to the economy and the employers.

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