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Press Release

Annual Results 2015

by Interserve Press Office | Feb 24, 2016

Strong growth and strategic progress

Read the highlights below or download the full year results by clicking here.


Interserve, the international support services and construction group, reports on a year of strong growth and strategic progress, with its annual results for the year ended 31 December 2015.   

2015

2014

Revenue

£3,204.6m

£2,913.0m

+10%

Headline total operating profit*

£131.8m

£117.2m

+12%

Headline pre-tax profit*

£115.4m

£106.2m

+9%

Profit before tax

£79.5m

£61.9m

+28%

Headline earnings per share*

67.9p

58.8p

+15%

Full-year dividend

24.3p

23.0p

+6%

Highlights

  • Revenue growth of 10 per cent 
  • Headline total operating profit growth of 12 per cent 
  • Headline earnings per share growth of 15 per cent
  • Full-year dividend: Recommended increase of 6 per cent to 24.3p
  • Key contract wins with both new and existing clients including London Underground, B&Q, Superdrug, BS Stanford, BP Khazzan (Oman), Shell GTL (Qatar) and the Dubai Aviation City Corporation (UAE)
  • Future workload of £7.7 billion
  • Commenced strategic review of our Equipment Services business (RMD Kwikform) 

Chief Executive Adrian Ringrose commented:

“Over the last five years we have made substantial strategic progress creating a broader, stronger business. Our performance in 2015 was good, resulting in 12 per cent headline operating profit growth in markets that continue to offer both opportunities and challenges. In light of the changing shape of our portfolio over the last few years, we have started a strategic review of our Equipment Services business (RMD Kwikform).

Overall, we expect 2016 to be broadly steady compared to 2015 as underlying growth is restrained by the impact of a slower order intake following an election year and the impact of the National Living Wage. However, we expect to return to growth in 2017, underpinned by our strong positions in attractive markets.” 

– Ends – 

For further information please contact:

Rhys Jones
Group PR Manager
+44 (0) 118 9602285

Robin O’Kelly
Group Director of Communications
+44 (0) 7786 702526

Richard Campbell/Michael Kinirons
+44 (0) 203 219 8816

About Interserve

Interserve is one of the world’s foremost support services and construction companies. Our vision is to redefine the future for people and places. Everything we do is shaped by our core values. We are a successful, growing, international business: a leader in innovative and sustainable outcomes for our clients and a great place to work for our people. We offer advice, design, construction, equipment, facilities management and frontline public services. We are headquartered in the UK and listed in the FTSE 250 index. We have gross revenues of £3.6 billion and a workforce of circa 80,000 people worldwide.

www.interserve.com
For news follow @interservenews

*This news release and the Annual Report include a number of non-statutory measures to reflect the impact of non-trading and non-recurring items. See note 16 to the condensed consolidated financial statements for a reconciliation of these measures to their statutory equivalents and note 9 for calculation of earnings per share.

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