Now sees FY free cash flow 150 mln pounds (Il Sole 24 Ore Radiocor) - London, 27 Jun - The UK outsourcing group Serco said that in the first half of 2024 revenue was about 2.4 billion pounds, in line with expectations, and underlying operating profit ahead of plan at 140 million pounds.

The company said that the full-year underlying operating profit guidance was increased by 10 million pounds, or 4%, to 270 million pounds, and it now expect free cash flow will be better and financial leverage lower than prior guidance.

It now expects free cash flow of 150 million pounds, against 140 million previously, and adjusted net debt of 165 million pounds, against 175 million in the prior guidance.

AAA-Web

(RADIOCOR) 27-06-24 08:36:03 (0160) 5 NNNN