Serco Group plc (SRP) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Well, good morning everyone. I'm Mark Owen, Group Chief Executive, and I'm joined this morning by Nigel Crossley, our Group Chief Financial Officer. Thank you to everybody here for taking the time to join us in person, as well as those who have joined us via the live webcast for this morning's presentation of our first half results for 2024. I also acknowledge John Ristian, Chairman of the Serco Board, who is with us today. As required, I ask that you note the disclaimer on the screen, which as usual appears in the booklets that you have with you in the room. Our plan this morning is for me to provide a brief introduction of where we are before handing to Nigel to take you through the detail of the first half financials. I will then come back and speak briefly on the defence sector before wrapping up and moving on to Q&A. We provided a pre-closed trading statement on the 27th of June and the detail you will see in the stock exchange announcement released this morning and in this presentation is in line with that pre-closed information. Coming into 2024, we've focused our business agenda on the execution of initiatives which prioritised service excellence to our customers, the safety and productivity of our colleagues, actively managing our portfolio for performance and delivering profitable growth over the medium term. The work in all of these areas is ongoing, but we are pleased with the progress we've made so far, and encouraged by the fact that as we execute, we're finding more opportunities to improve efficiency and effectiveness across our business. I wanted to touch on just a few examples of this progress to show you why we entered the second half with momentum, and why we have the confidence to have upgraded our profit guidance for the full year to £270 millio...