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06 Oct 2020 | 10:57

Sureserve expects FY to meet expectations

(Sharecast News) - Compliance and energy services group Sureserve said on Tuesday that its business had continued to show "resilient growth" in revenue, earnings and cash flow and now expects to deliver full-year results in line with expectations. Sureserve said it was seeing "identifiable market opportunities to grow" and was now investing "significantly" in apprenticeship and training schemes to foster talent and expertise within the business.

The AIM-listed firm added that a £3.0m year-end net cash balance and its "good degree of forward visibility" thanks to an order book of £375.0m and recurring cash flows had enabled it to consider reinstating its sustainable dividend policy.

Chairman Bob Holt said: "I am happy to report that the group is delivering a consistently strong performance, which highlights the nature of the essential services we provide to homes and communities."

As of 1055 BST, Sureserve shares were up 4.81% to 54.50p.
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