Contractor lands £400m of contracts in the past two months
Interserve is achieving success in boosting profit margins, the contractor claimed in a trading update to the City this morning.
The firm said its support services division was continuing to deliver “significant profit growth, on broadly stable volumes”.
Interserve said it had won £400m of contracts over the past two months including deals to build two divisional headquarters for West Yorkshire Police as part of a consortium, and a contract to provide infrastructure for a 2,000MW power plant in Oman.
Chief executive Adrian Ringrose said: “We are performing well and are identifying and capturing a number of new opportunities. Our focus on long-term relationships continues to be rewarded with contract wins across a variety of sectors, geographies and business streams.
“We anticipate that increasing pressure on UK public sector spending will provide us with further outsourcing opportunities, helping to offset a reduction in construction activity. Internationally we are well positioned both to grow our existing businesses and to expand the range of our offerings in some of the world’s fastest-growing economies.”
The contractor’s annual results will be published on 29 February.