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IN BRIEF: Sureserve confident after full-year profit jumps over 70%

25th Jan 2022 18:06

Sureserve Group PLC - Basildon, Essex-based compliance and energy services, focused on UK public sector - Revenue for financial year ended September 30 rises 25% to GBP244.0 million from GBP195.7 million the year before, and pretax profit jumps 77% to GBP13.8 million from GBP7.8 million. Reports "record" 167 contract wins in the year, valued at GBP417.0 million. After strong performance, is confident for year ahead and notes 73% of revenue in financial 2022 is covered by GBP527.1 million order book. "We have started FY22 strongly, continuing the momentum from FY21 and we believe the future outlook for our businesses remains strong. This is underpinned by high levels of long-term contracts and frameworks for which we have continued to see high appointment levels," firm says.

Current stock price: 91.50 pence, up 5.8% on Tuesday

12-month change: up 45%

By Lucy Heming; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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