Interserve Keeps Guidance As Trading Meets Expectations

LONDON (Alliance News) - Interserve PLC Tuesday said it has made a strong start to 2015, with significant new contract wins giving it improved visibility for the year and beyond, and it is sticking with its guidance.

In a short trading update, the support services and construction company said mobilisation on the UK Ministry of Justice's Transforming Rehabilitation contract is on track, and the integration of ESG is complete.

"We have had a good start to the year, securing a number of significant new contracts which further strengthen our future workload. Our main international markets in the Middle East are improving whilst UK construction margins remain tight. Expectations of the group's performance continue to be in line with the board's guidance."

By Steve McGrath; stevemcgrath@alliancenews.com; @stevemcgrath1

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