Half Year 2020 Serco Group PLC Earnings Call Transcript

Aug 06, 2020 / 08:30AM GMT
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Serco Group plc 2020 Half Year Results presentation. I must advise you that the presentation is being recorded today on Thursday, the 6th of August 2020.

I shall now hand over to your speakers for today's call, Rupert and Angus. Please go ahead.

Rupert C. Soames - Serco Group plc - Group CEO & Executive Director

Good morning, everybody. This is Rupert here. And we will just go rattle through our results in the usual fashion, Angus through the numbers, and I will through the operational side. But it's been a extraordinarily strong first half, where a lot of the good things that happened in 2019 came to fruition in 2020. Revenue was up 24%, with 15% organic growth. And I think it's been many a year before one imagines these businesses could produce 15% organic revenue growth. Underlying trading profit up 53%. And our margin continuing its journey up to 4.3%.

But I also want to say that whilst the COVID-19 has had actually relatively little impact on our underlying trading

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