The Serco Group plc Board is recommending a final dividend of 1.61p, 15% higher than the prior year. Following the interim dividend of 0.8p, this results in a full year dividend of 2.41p, an increase of 72% compared to 2020.
Other financial highlights include:
Revenue: grew by 14% to £4.4bn, with organic growth of 10%.
Underlying Trading Profit: increased by 40% to £229m. Margin increased from 4.2% to 5.2%. Around two-thirds of their profit was from outside of the UK.
Reported Operating Profit: increased by 21%, or £37m, to £216m; prior year included exceptional credit of £12.5m.
Earnings per Share: increased by 49% on an underlying basis and 129% on a reported basis, the latter including the recognition of UK deferred tax assets.
Free Cash Flow: increased by 40% to £190m, Underlying Trading Profit cash conversion of 112%.
Return on Invested Capital: increased from 19.1% to 23.7%.
