Interserve maintains guidance after MoD award

Support services and construction group Interserve has maintained its guidance for 2011 after revealing trading in the second half of the year has been in line with expectations.

Support services and construction group Interserve has maintained its guidance for 2011 after revealing trading in the second half of the year has been in line with expectations.

The company, which is projected to achieve revenue of £1.86bn in 2011, said revenue visibility for 2012 is around £1.4bn. This does not necessarily mean next year's revenues will be lower than this year's, as revenue visibility for 2011 at this time last year was also around £1.4bn, and there is is still plenty of time for contract wins to roll in.

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