Register
 (photo: Interserve plc)
10.01.2018, 13:04

Interserve in Upbeat Profits Forecast

Company News, Appointments, EMEA
Interserve has announced it is expecting operating profits 'ahead of market expectations' in 2018.

 

The announcement comes in the wake of the 'Fit for Growth' restructuring programme introduced by the company in October 2017 following a disastrous foray into the UK's Energy-from-Waste market.

 

Interserve's board now expects the restructuring programme to add £15 million to the Group's profits this fiscal year.

 

Commenting, Interserve Chief Executive Debbie White, said:

"The new management team, and the Board, have been working to stabilise the business and provide a sound foundation to continue to serve our customers effectively, underpin our future growth and to restore shareholder value. This work has focused on managing the balance sheet, conducting a thorough assessment of the contract portfolio, and introducing new management disciplines, processes and cost controls under the 'Fit for Growth' programme." 

 

 

 

 

Article rating:

vote data

Leave a reply

 (photo: Rentokil Initial plc)
News Editor  - 01.03.2018, 08:30

Strong Growth from Rentokil Initial

FTSE 100 business services group Rentokil Initial has announced revenue growth of 14.5 per cent and on-going operating profits of 14.8 per cent in preliminary results for the year ended 31 December...

The Pembury Tavern. (photo: )
Delta Security  - 17.10.2018, 09:40

Delta Security Upgrades Security at Hackney Pub

Delta Security s helping to protect patrons, staff and property at Hackney’s Pembury Tavern with the installation of a new security system, including an IP-based CCTV solution, roller shutters and...

 (photo: Sodexo APAC)
Sodexo S.A.  - 09.11.2018, 14:41

Sodexo APAC Embraces Latest Workplace Trends

Sodexo's new APAC House regional headquarters building in Singapore incorporates a suite of digital innovations designed to make work life simpler, more productive and, above all, more enjoyable.

(Photograph courtesy of Tookapic). (photo: )
Marissa Francis  - 05.03.2018, 17:13

The Definition of 'Clever'

Marissa Francis, Heating Ventilation and Air Conditioning (HVAC) Improver with ABM UK, explains why university isn't the only route into facilities management.

New chargepoint installation at Southampton Airport. (photo: Southampton Airport)
AGS Airports  - 26.03.2018, 11:30

Southampton Airport Adds EV Chargepoints

Southampton Airport is helping power the growing number of electric vehicle (EV) drivers on UK roads with the installation of seven new Pod Point 7kW chargepoints in its short stay and priority...

 (photo: )
FM Editor  - 31.05.2019, 02:42

King's College Hospital Contract

Artic Building Services will provide HVAC maintenance services under a new contract with the King's College Hospital NHS Foundation Trust.

Penn State University. (photo: )
FM Editor  - 03.04.2019, 19:36

BACnet Site Manager for Big Building Networks

Vancouver, BC based Optigo Networks will be releasing its Visual BACnet Site Manager aggregation tool for different capture nodes across building and campus networks on 25 April. The tool was...