Full Year 2020 Serco Group PLC Earnings Call Transcript
Ladies and gentlemen, thank you for standing by. Welcome to today's Serco Group plc 2020 Full Year Results Presentation. (Operator Instructions) I must advise that this conference is being recorded today, Thursday, the 25th of February, 2021.
I would now like to hand the conference over to your speaker today, Rupert Soames. Please go ahead, sir.
Good morning, everybody, Rupert here. I'm starting on Slide 5, which is the opening side. I'm joined by Nigel Crossley and also by Angus Cockburn.
By way of introduction, 2020 has obviously been a very strong performance. And pleasingly, we see continued growth in '21. Revenue up 20% at constant currency, 16% organic. And of that 16% organic, obviously, quite a lot was related to COVID. So ex-COVID, the organic was about 4%, and there's about 5% from the impact of the NSBU acquisition in the U.S. Underlying trading profit up 37% in constant currency, and the margin increased from 3.7% to 4.2%. Very strong free cash flow, doubles to
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