Please refer to our Privacy policy for important information on the use of cookies. By continuing to use this website, you agree to this.

Press Release

Half-Year Results for the six months to 30 June 2016

by Interserve Press Office | Aug 10, 2016

Strong cash generation and resilient performance in core businesses

Interserve, the international support services and construction group, announces its half-year results for the six months ended 30 June 2016.



H1 2016

H1 2015






Headline total operating profit1




(Loss)/Profit before tax




Headline earnings per share1




Interim dividend






  • Robust, in-line revenue and earnings performance 
  • Strong gross operating cash flow1: £128.3 million (2015 H1: £19.9 million)
  • Net debt reduced to £275.6 million (2015 FY: £308.8 million); improved year-end net debt guidance of £300-£320 million 
  • Further growth in interim dividend
  • Exiting Energy from Waste business; £70 million exceptional charge unchanged from May announcement
  • Good visibility of future workload of £7.6 billion1 (2015 FY: £7.6 billion)
  • £1.9 billion of new business won in the period 
  • Key contract wins with both new and existing customers including the Defence Infrastructure Organisation, Home Office, JLL, Renfe, East Midlands Trains, Emaar (UAE), Majid Al Futtaim Group (UAE) and Hitachi (Qatar).

Chief Executive Adrian Ringrose commented:

“Trading in the first half of the year, across the vast majority of our divisions and our regions, has been good, in markets that offer both opportunities and challenges. We delivered a strong cash performance and grew revenue and Headline operating profit.

We are taking action to exit the Energy from Waste sector. Our assessment of the aggregate impact of exiting this sector is in line with the £70 million exceptional charge we announced in May.

Despite the increased political and macro-economic uncertainty following the UK’s EU referendum, our outlook for the current year remains unchanged. This, together with our significantly improved cash flow and healthy future workload, underpins the Board's confidence in our prospects and a further increase in the interim dividend.”

Download the interim management reportDownload the interim management report

– 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

Michael Kinirons, CNC Communications +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 customers and a great place to work for our people. We offer advice, design, construction, equipment, facilities management and frontline public services. Headquartered in the UK and FTSE listed, we have gross revenues of £3.6 billion and a workforce of circa 80,000 people worldwide.

Interserve website:  
For Interserve news follow: @interservenews


1 This news release and the Interim Management Report include a number of non-statutory measures to reflect the impact of non-trading and non-recurring items. See note 11 to the condensed consolidated financial statements for a reconciliation of these measures to their statutory equivalents and note 7 for calculation of earnings per share. References to workload exclude the workload associated with Exited Business.

2 As restated

Share this


Explore our Latest Insight for further blogs, videos and research.

Boston Haven Flood Defence Scheme - New Flood Wall Installation

In 2013, Boston experienced the worst floods in its history. Interserve were contracted to install a new 240m long sheet piled wall in front of the existing.

Decoding the workplace experience

The smell, noise and temperature of the working environment are among the main factors that influence employees’ experiences of the workplace and can impact productivi...

A Holistic Approach To Workplace Dining

Understanding and responding to the needs of employees in the workplace is vital to helping businesses attract and retain the best talent, as well as supporting people...