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Interserve in Upbeat Profits Forecast

10 January 2018 / by News Editor (author) / London
 (photo: Interserve plc)
/ (photo: Interserve plc)

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." 

 

 

 

 

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