UK's Serco rises after profit forecast beats market estimates

Proximus NV

17/12/2025 08:26

** Shares of British outsourcing firm Serco up 2.7% at 175.6p

** Co expects underlying operating profit to be around 270 million pounds ($359.50 million) for 2025 and 300 million pounds for 2026, ahead of market expectations, supported by robust order book of defence contracts

** Analysts, on average, estimate 263 million pounds for 2025 and 285 million pounds for 2026, according to a company-compiled poll.

** CFO Nigel Crossley to retire and be replaced by the CFO of Belgian telecom group Proximus Mark Reid next year.

** Including session's gains, stock up 73.7% YTD

($1 = 0.7510 pounds)

 (Reporting by Raechel Thankam Job in Bengaluru)

 ((RaechelThankam.Job@thomsonreuters.com))