£2.2 B

Interserve Revenue FY, 2019
Interserve Revenue growth (FY, 2018 - FY, 2019), %(23%)
Interserve Gross profit (FY, 2019)53.8 M
Interserve Gross profit margin (FY, 2019), %2.4%
Interserve Net income (FY, 2019)-54.9 M
Interserve EBIT (FY, 2019)-427.8 M
Interserve Cash, 31-Dec-2019141.7 M
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Interserve Revenue

Interserve revenue was £2.24 b in FY, 2019 which is a 22.8% year over year decrease from the previous period.

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Interserve Funding

Summary Metrics

Founding Date

1884

Interserve Revenue Breakdown

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Interserve revenue breakdown by business segment: 7.6% from Equipment sales and rental income, 22.3% from Revenue from construction contracts and 70.1% from Provision of services

Interserve revenue breakdown by geographic segment: 9.7% from Middle East & Africa, 83.5% from United Kingdom and 6.8% from Other

Interserve Income Statement

Annual

GBPFY, 2017FY, 2018FY, 2019

Revenue

3.3b2.9b2.2b

Revenue growth, %

(11%)(23%)

Cost of goods sold

3.0b2.6b2.2b

Gross profit

287.6m289.3m53.8m

Gross profit Margin, %

9%10%2%

General and administrative expense

425.7m277.7m379.3m

Operating expense total

507.2m329.5m481.6m

Depreciation and amortization

21.5m18.7m6.9m

EBIT

(219.6m)(40.2m)(427.8m)

EBIT margin, %

(7%)(1%)(19%)

Interest expense

27.3m82.5m44.4t

Investment income

8.8m3.5m

Pre tax profit

(244.4m)(111.3m)(46.9m)

Income tax expense

10.0m17.6m8.0m

Net Income

(254.4m)(128.9m)(54.9m)

EPS

(1.8)(0.9)

Half Year

GBPH1, 2017H1, 2018

Revenue

1.6b1.5b

Cost of goods sold

1.4b

Gross profit

203.9m

Gross profit Margin, %

12%

General and administrative expense

168.9m

Operating expense total

180.3m

Depreciation and amortization

11.4m

EBIT

23.6m

EBIT margin, %

1%

Investment income

2.3m

Pre tax profit

24.9m(6.0m)

Income tax expense

2.3m10.6m

Net Income

22.6m(16.6m)

EPS

0.1

Interserve Balance Sheet

Annual

GBPFY, 2017FY, 2018FY, 2019

Cash

155.1m196.7m141.7m

Accounts Receivable

336.9m315.7m236.0m

Prepaid Expenses

32.1m26.4m24.9m

Inventories

34.0m35.8m32.1m

Current Assets

911.1m873.8m663.5m

PP&E

228.6m209.9m192.8m

Goodwill

372.9m342.3m277.6m

Total Assets

1.7b1.7b1.4b

Accounts Payable

207.2m184.9m106.1m

Short-term debt

6.8m28.2m

Current Liabilities

862.8m775.1m688.4m

Long-term debt

647.5m827.5m527.1m

Non-Current Liabilities

790.0m899.6m610.4m

Total Debt

654.3m827.5m555.3m

Total Liabilities

1.7b1.6b1.3b

Common Stock

14.6m15.0m100.0k

Additional Paid-in Capital

116.5m116.5m

Retained Earnings

(272.0m)(392.4m)(405.6m)

Total Equity

62.6m(1.1m)108.4m

Debt to Equity Ratio

10.5 x-752.3 x5.1 x

Debt to Assets Ratio

0.4 x0.5 x0.4 x

Financial Leverage

27.4 x-1.5 k x13 x

Half Year

GBPH1, 2017H1, 2018

Cash

153.7m

Inventories

35.0m

Current Assets

1.0b

PP&E

240.7m219.3m

Goodwill

434.6m

Total Assets

1.9b

Short-term debt

10.1m

Current Liabilities

873.3m

Long-term debt

589.3m

Non-Current Liabilities

691.4m

Total Debt

599.4m

Total Liabilities

1.6b

Common Stock

14.6m

Additional Paid-in Capital

116.5m

Retained Earnings

10.9m

Total Equity

361.1m49.5m

Debt to Equity Ratio

1.7 x

Debt to Assets Ratio

0.3 x

Financial Leverage

5.3 x

Interserve Cash Flow

Annual

GBPFY, 2017FY, 2018FY, 2019

Net Income

(254.4m)(128.9m)(54.9m)

Depreciation and Amortization

62.6m60.5m44.0m

Accounts Receivable

(11.1m)59.2m130.4m

Inventories

500.0k(1.7m)(2.2m)

Accounts Payable

(77.3m)(135.0m)(74.7m)

Cash From Operating Activities

(144.5m)(71.6m)(173.7m)

Capital Expenditures

(39.3m)(19.6m)(5.9m)

Cash From Investing Activities

(46.6m)6.0m10.4m

Long-term Borrowings

(1.0m)(39.5m)(28.4m)

Dividends Paid

(3.7m)

Cash From Financing Activities

239.4m113.1m132.7m

Net Change in Cash

48.3m47.5m(30.6m)

Interest Paid

27.3m42.8m12.7m

Income Taxes Paid

8.6m11.4m7.8m

Free Cash Flow

(183.8m)(91.2m)(179.6m)

Half Year

GBPH1, 2017

Net Income

22.6m

Depreciation and Amortization

35.0m

Accounts Receivable

(46.5m)

Inventories

400.0k

Accounts Payable

(55.8m)

Cash From Operating Activities

(59.7m)

Capital Expenditures

(21.8m)

Cash From Investing Activities

(39.7m)

Long-term Borrowings

(500.0k)

Cash From Financing Activities

142.6m

Net Change in Cash

43.2m

Interest Paid

11.9m

Income Taxes Paid

3.7m

Free Cash Flow

(81.5m)

Interserve Ratios

GBPH1, 2017

Debt/Equity

1.7 x

Debt/Assets

0.3 x

Financial Leverage

5.3 x

Interserve Operating Metrics

FY, 2017FY, 2018FY, 2019

Business Lines

33

Clients

8 k7.5 k

Offices

345230

Order Book

£7.6 b£7.1 b£6.1 b

Interserve Human Capital

Interserve's employees are reported to be approximately 46% female and 54% male.
FY, 2018FY, 2017FY, 2016
Male53.9%53.8%55.1%
Female46.1%46.2%44.9%

Interserve Employee Rating

3.1622 votes
Culture & Values
3.1
Work/Life Balance
3.3
Senior Management
2.7
Salary & Benefits
2.9
Career Opportunities
2.9
Source