Johnson Service Group PLC Pre-close Trading Statement (3782T)
05 January 2017 - 6:00PM
UK Regulatory
TIDMJSG
RNS Number : 3782T
Johnson Service Group PLC
05 January 2017
5 January 2017
AIM: JSG
Johnson Service Group PLC
("JSG" or "the Group")
Pre-close Trading Statement
JSG, the textile rental provider, is pleased to issue the
following pre-close trading update for the financial year ended 31
December 2016. In a separate announcement published today, JSG also
reports the disposal of its retail Drycleaning business.
Results for the year from the Continuing Textile Rental business
are expected to be slightly ahead of current market expectations.
This reflects both organic growth, ahead of anticipated levels, and
synergy benefits following recent acquisitions.
In addition, net debt to EBITDA (excluding rental stock
depreciation) as at 31 December 2016 is expected to be less than
2.0x, a key area of focus for management.
The Group will announce full year results in the week commencing
27 February 2017.
Enquiries:
Johnson Service Group PLC
Chris Sander, CEO
Yvonne Monaghan, CFO
Tel: 01928 704600
Investec Investment Banking (NOMAD) KTZ Communications (Financial PR)
David Flin Katie Tzouliadis
Matt Lewis Emma Pearson
James Rudd
Tel: 020 7597 4000 Tel: 020 3178 6378
About Johnson Service Group PLC
www.jsg.com
Headquartered in Preston Brook, Cheshire, JSG provides textile
rental and related services across the UK.
JSG is the leading supplier of workwear and protective wear in
the UK with over 40,000 customers, offering these services through
the Apparelmaster brand. The Group also provides premium linen
services for the hotel, catering and hospitality markets, and high
volume hotel linen services, through the Stalbridge, London Linen,
Bourne and Afonwen brands.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 05, 2017 02:00 ET (07:00 GMT)
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