Forecast is for £66m pre-tax profit and £1.74bn turnover for last year, ahead of releasing full-year results in March
Support services group Interserve has described its 2007 trading as “very strong” ahead of its full-year results on 11 March.
The consensus forecast for 2007 is £66.67m pre-tax profit on the back of £1.74bn turnover, a large jump on the 2006 pre-tax profit figure of £15.1m on £1.4bn turnover.
Although it did not release figures, it said it facilities management arm had benefited from the £116m acquisition of MacLellan in May 2006.
It said its PFI business had benefited from strong demand for social infrastructure projects while its project services arm had seen a greater-than-anticipated increase in activity.
In its specialist services division, its HVAC and working-at-heights operations have been repositioned and are expected to benefit in 2008.
The group said it would focus its operations in markets that “offer sustainable growth opportunities.”