5th May 2006 07:00
Serco Group plcAGM Statement5 May 2006At today's Annual General Meeting Kevin Beeston, Executive Chairman of SercoGroup plc ("Serco"), will make the following comments on current trading:"Serco has made an excellent start to 2006 and is trading in line withexpectations. We continue to deliver strong growth from our broad base ofexisting contracts, as well as winning new work. So far this year we havesigned or been appointed preferred bidder for contracts valued at around ‚£1.9bn."Of particular note, in February our joint venture was appointed preferredbidder for the UK Ministry of Defence's Future Provision of Marine Servicescontract, which is valued at around ‚£1bn over 15 years. In March, we signed thenew contract to operate the Docklands Light Railway (DLR) in London for up to afurther nine years. The contract is valued at around ‚£400m. Our strongperformance at DLR was reflected in our winning the Public Transport Operatorof the Year award at the London Transport Awards 2006."In April, we were awarded a contract by the London Development Agency toprovide a range of business support services to London's 600,000 small andmedium-sized enterprises. The contract draws together complementary skills fromacross Serco and is valued at around ‚£60m over three years, with an option torenew for two additional years."We have also published today a News Update, which is available from ourwebsite and details some of our smaller and medium-sized contract wins,extensions and renewals. These contracts form the bedrock of our business,providing opportunities to build long-term relationships with clients, supportthem in achieving their ambitions and expand the services we deliver on theirbehalf."Serco continues to benefit from favourable market conditions, which provide uswith a wealth of opportunities. The breadth of these opportunities, togetherwith selective bidding, portfolio management and efficiency, make us confidentof delivering double-digit growth and increasing margins." - Ends - For further information please contact Serco Group plc: T +44 (0) 1256 745 900Graham Capper, Head of Media and Public RelationsRichard Hollins, Head of Investor RelationsDominic Cheetham, Corporate Communications DirectorNotes to editorsSerco is an international service company which combines commercial know-howwith a deep public service ethos.We improve services by managing people, processes, technology and assets moreeffectively. We advise policy makers, design innovative solutions, integratesystems and - most of all - deliver to the public.Serco supports governments, agencies and companies who seek a trusted partnerwith a solid track-record of providing assured service excellence. Our peopleoffer operational, management and consulting expertise in the aerospace,defence, education, health, home affairs, local government, science,technology, transport and the commercial sectors.More information can be found at www.serco.com.ENDSERCO GROUP PLCRelated Shares:
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