Serco Group PLC Closed Period Trading Statement Call Transcript
Ladies and gentlemen, thank you for standing by. Welcome to the (technical difficulty) (Operator Instructions) I must advise you the call is being recorded today, Wednesday, the 17th of June 2020.
We'd now like to turn the conference over to your first speaker today, Rupert Soames, Chief Executive. Please go ahead.
Good morning, everybody, and this is Rupert here, and we have an unscheduled update with some good news, which is that the first half of trading looks to be better than we were expecting overall. And we now feel in a position to reinstate guidance for the year as a whole.
Despite the considerable operational challenges of COVID-19, the business has performed very well. But I want to emphasize that the performance in the first half has actually not been greatly affected on a net basis by COVID-19 as the losses in some parts of the business have been largely offset by some gains in other parts of the business that has had additional work. But net-net, across the
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