Serco Group PLC (LSE:SRP)
£ 1.85 -0.001 (-0.05%) Market Cap: 1.99 Bil Enterprise Value: 2.55 Bil PE Ratio: 10.28 PB Ratio: 1.95 GF Score: 83/100
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Full Year 2018 Serco Group PLC Earnings Call Transcript

Feb 21, 2019 / 10:00AM GMT
Release Date Price: £1.22 (+5.83%)
Rupert C. Soames
Serco Group plc - Group CEO & Director

Right. Good morning, everybody, and welcome to the Serco 2018 Results Presentation. My name is Rupert Soames, I'm the Chief Executive. I apologize in advance that we got quite a complicated presentation because there's a lot of ground to cover and a lot of issues that we want to go through with you.

But there are 3 big points I'd like to make. The first is that these results today mark something of a turning point in our business. We've had 4.5 years of hard slog to get to where we are today. But the results for 2018 really do demonstrate, I think, that we are on the road to becoming a more normal company, a company where OCPs are not a rumor rather than The Daily DART and where we can consider doing things like paying dividends and where we can have a normal balance sheet and the tanker does seem to have turned. Secondly is that the market, what's going on in the market, is quite complicated and we're going to explain that to you how we have -- how we see that working out. And the third though is although that the overall rate of

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