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11 Jan 2017 07:00
11th January 2017
TRADING UPDATE
Interserve, the international support services and construction group, today provides an update on trading for the year ended 31st December 2016 prior to announcing its Preliminary Results for the year ended 31st December 2016 on 28th February 2017.
Overall Group trading has remained in line with previous guidance and expectations for full-year headline results are unchanged.
Within this overall performance, we are anticipating that strong international construction and equipment services results will broadly offset a disappointing performance in UK construction.
The net debt position of the group as at 31st December 2016 is expected to be better than previously guided, at £270-280m, driven by strong collections and other working capital management measures, which have more than offset an increased level of cash outflows from the exited Energy from Waste business.
- Ends -
For further information please contact:
Robin O'Kelly, Group Director of Communications +44 (0) 7786 702526
Richard Campbell, 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 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. We have gross revenues of £3.6 billion and a workforce of circa 80,000 people worldwide.
www.interserve.com
For news follow @interservenews
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