INTERSERVE has reported a 33% growth in revenue to £2.9 billion in its annual results for the year ended 31 December 2014.
Total operating profit rose 35% to £117.2 million but pre-tax profit fell by 9% to £61.9 million.
Chief Executive Adrian Ringrose said, “2014 was a landmark year for the business in which we advanced our strategy and delivered 35 per cent operating profit growth including strong organic growth despite continuing challenging conditions in a number of our markets. We made two strategic acquisitions (Initial Facilities and the Employment & Skills Group), each of which deepened our presence in core outsourcing markets.
“Our focus on providing high quality services to both new and existing clients resulted in strong work winning during the year, with our future workload rising 26 per cent to a record £8.1 billion.
“Looking to the future, we are encouraged by the growth potential of the business. Our attractive positioning in our core markets and our ability to identify, invest in and deliver on attractive project and corporate opportunities is a powerful differentiator.”
