Outsourcer Serco reported 2017 profit in line with its recently-upgraded forecast and reiterated its expectations for 2018. Revenues fell 2% to £2.95bn in 2017, while underlying trading profit fell to £69.8m, at the top end of guidance that was upgraded in December.
Revenues in 2018 are expected to be between £2.8bn and £2.9bn, underlying trading profit is expected grow to about £80m, driven largely by cost savings.