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Pin to quick picksJohnson Service Regulatory News (JSG)

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155.90    3.00 (1.96%)
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Spread: 0.20 (0.128%)
Market Cap: £586.88m
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AGM Statement

4 May 2017 07:00

RNS Number : 0574E
Johnson Service Group PLC
04 May 2017
 

4 May 2017

AIM: JSG

 

Johnson Service Group plc

("JSG" or "the Group")

 

AGM Statement

 

JSG, a leading UK textile rental provider, will be holding its Annual General Meeting today and Chairman, Paul Moody, will make the following statement:

 

"Following strong results in 2016, trading in the first quarter of 2017 is progressing well and the Group remains on track to deliver management expectations for the year. 

 

"Our £4.5m investment at London Linen's Southall plant, which started in August 2016, has recently been completed, and we have also finished a £3.5m refit at our Chester plant. These investments provide us with additional capacity in two strategically important locations and will also improve productivity at both sites. 

 

"With the disposal of the retail drycleaning operations in early January, the Group is now wholly focused on the further expansion of its textile rental activities and the Board views prospects for the Group's ongoing development very positively."

 

 

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

Darren Vickers

Emma Pearson

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.

 

Through its Apparelmaster brand, JSG is the leading supplier of workwear and protective wear in the UK, clothing over 1.3 million people a week. Through its Stalbridge, London Linen, Bourne and Afonwen brands, the Group also provides premium linen services for the hotel, catering and hospitality markets, and high volume hotel linen services, processing approximately 8 million items a week.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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