Last checked at 4 May 2017 07:00
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.