12 May 2017 | Martin Read
International support services and construction group Interserve has reported trading in line with predictions for the first four months of 2017.
The support services division revenue "remains robust and in-line with our expectations", said the company. Profit performance is likely to be better towards the second half of the year, the result of actions taken to "offset the impact of increasing employment cost".
Interserve highlighted recent UK support services activity including a new five-year facilities management contract with Network Rail worth £65 million and a one-year contract extension to provide total facilities management services to the Ministry of Justice worth £16 million. Internationally, the company pointed to a recently won £17 million FM contract for government buildings in the UAE.
The company noted that there has thus far been "little noticeable slowdown in our volume of work from UK Government - although workflow may be impacted by the general election".
Expectations for overall group performance are unchanged, with half-year results set to be released in August.