Strong order book cheers Interserve

SUPPORT services firm Interserve yesterday hailed a strong pipeline for 2013, up 12.5 per cent year-on-year.

The FTSE 250 firm, whose services range from cleaning supermarkets to operating prisons, has secured £6.3bn worth of work for 2013. Of this, £2.7bn is new business won over the year.

Headline pre-tax profit jumped 7.7 per cent to £78.4m over the full year, boosted by its core support services division, which posted a 11 per cent rise in revenues over the full year.

Revenue was up six per cent to £1.9bn. More growth is expected this year for Interserve, driven by improving margins in the petrochemical sector and plans to expand support services businesses, particularly in the Middle East, chief executive Adrian Ringrose said.