"We've had a good start to the year and reiterate our expectation of stable trading in 2011,” said chief executive Adrian Ringrose. “We continue to believe that we have the capability to double earnings per share over five years, given our proven strategy, our attractive global mix of end markets in outsourcing and infrastructure and our strong financial position."
The company’s outlook is that trading in 2011 will be stable compared with 2010 and will show similar seasonality. Support services is making further progress and it continues to expect that it will deliver strong profit growth in 2011 and maintain a healthy workload.
Projects Services International is performing in line with expectations and its workload remains stable compared with the 2010 year end. Project Services UK is performing to plan and has increased its future workload since the year end.
Equipment Services is making further progress in Australasia and the integration of the company’s acquisition in the USA is proceeding well, said Interserve. “Despite political unrest in Bahrain and North Africa and continued challenging conditions in a number of our other markets we continue to expect the division to resume growth in 2011,” it said.
The £400m of contract wins includes a Department for Work & Pensions' Work Programme in joint venture, worth £130m over five years, and being named as preferred bidder for the construction of Leeds City Council’s Holt Park well being centre and related facilities management, worth around £24m.
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