Johnson Service Group PLC Pre-Close Update
10 July 2024 - 4:00PM
RNS Regulatory News
RNS Number : 7573V
Johnson Service Group PLC
10 July 2024
10 July 2024
AIM: JSG
Johnson Service Group
PLC
('JSG' or 'the
Group')
Pre-Close Update for the Six
Months ended 30 June 2024
"Full year adjusted operating
profit in line with current market expectations"
JSG, a leading textile services
provider in the UK and Republic of Ireland, today releases an
update on trading.
Group revenue in the six months to
30 June 2024 is expected to be £244.1 million (2023: £215.0
million), with revenue in our Workwear business of £71.2 million
(2023: £71.1 million) and in HORECA £172.9 million (2023: £143.9
million). On an organic basis, Group revenue is expected to
have increased by 5.7% on 2023 levels.
Organic growth in HORECA is expected
to be 8.5% reflecting a continuing improvement in volumes across
the estate, particularly in Hotel Linen. Our new HORECA site
in Crawley is nearing completion and eight delivery routes are now
operating from the site ahead of processing commencing in the near
future. Workwear revenue is stable, with the gradual
improvement in customer retention and recent new sales expected to
benefit performance in the second half.
Bank debt (excluding IFRS 16
liabilities) was approximately £75 million at 30 June 2024, and, in
the absence of any further significant capital deployment, will
reduce during the second half.
The Board is confident that we will
report full year adjusted operating profit in line with current
market expectations.
The results for the six months to 30
June 2024 will be announced on 3 September 2024.
ENQUIRIES
Johnson Service Group PLC
|
|
Peter Egan, CEO
|
|
Yvonne Monaghan, CFO
|
|
Tel: 020 3757 4992/4981 (on the
day)
|
|
Tel: 01928 704 600
(thereafter)
|
|
|
|
Investec Investment Banking (NOMAD)
|
Camarco (Financial PR)
|
David Flin
|
Ginny Pulbrook
|
Carlton Nelson
|
Rosie Driscoll
|
Virginia Bull
|
Letaba Rimell
|
Tel: 020 7597 5970
|
Tel: 020 3757 4992/4981
|
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
TSTGZGGNNLGGDZM
Johnson Service (LSE:JSG)
Historical Stock Chart
From Jul 2024 to Jul 2024
Johnson Service (LSE:JSG)
Historical Stock Chart
From Jul 2023 to Jul 2024