"We have confidence in our ability to make further progress in 2013," he said.
In recent months Interserve has raised £179.5m by selling PFI assets, to make it well placed to move quickly on any acquisition or strategic development opportunities.
Yesterday (7 January 2013) shareholders approved the disposal of PFI assets into the company pension scheme, thus reducing the actuarial pension deficit to £95m.
Mr Ringrose said: "We have continued to perform well and in line with expectations, despite mixed market conditions. We are executing our strategy and remain on track to achieve significant medium term growth.
"We have realised significant latent value from our PFI portfolio, positioned the business to take advantage of strategic opportunities and materially reduced our pension deficit. The recent acquisitions of TOCO and Advantage Healthcare together with continued organic progress further underpin our medium-term growth potential.”
As announced in May 2012, David Paterson, managing director of the construction division, will retire on 30 April 2013. From then, UK construction, led by Ian Renhard, will report to Dougie Sutherland and international, led by George Franks, will report to Adrian Ringrose. Ian Renhard and George Franks were promoted to the executive board with effect from 1 January 2013.
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