Serco has delivered the anticipated pick-up in performance in the second half and is on track to meet full year expectations.
The outsourcing specialist expects conditions to remain challenging in the US but further improvement is expected in its UK markets, while strong performances from its Africa, Middle East, Asia and Australia (AMEAA) and Global Services Business Process Outsourcing (BPO) operations are anticipated to continue.
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As previously communicated, free cash generation is also expected to be weighted to the second half. A higher level of working capital investment related to the growth in our BPO-related contracts is still anticipated.
JH
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