Interserve hasn’t had the easiest of years from a global standpoint with the firm rumoured to be in a similar situation in the UK to fellow support services firm Carillion. Some of Interserve’s Middle East businesses, although relatively unharmed by the events in the UK, have had to deal with its own set of regional challenges mainly stemming from economic conditions. Ahmed says: “Despite this we have continued to win new work with new customers and managed to maintain revenues and improve margin.”
The firm’s revenues and profits for 2018 was 26%. In comparison profit numbers for 2018 stand at 10% increase YoY. While YoY revenues for 2019 have been projected at 10% and profits at 8%. “We have a pipeline and probable works which more than cover the shortfall in the projected 2019 revenue with more requests for proposals continuing to arrive regularly,” he says.