Last checked at 5 Jul 2016 07:00
5 July 2016
Johnson Service Group PLC
Pre-Close Trading Statement
Prior to entering its close period ahead of reporting its Interim results for the six months to 30 June 2016, which are expected to be released on 6 September 2016, Johnson Service Group PLC (the 'Group') announces the following update on current trading.
We will deliver another strong result for the first half of the year reflecting both an encouraging underlying performance together with the benefit of acquisitions over the last twelve months. We expect the full year results for 2016 to be slightly ahead of expectations.
The recent acquisitions of Zip, Afonwen and Chester are trading as expected and the integration into the wider Textile Rental business is successfully underway.
Net debt at 30 June 2016 was slightly lower than management's expectations, following the purchase of Zip, Afonwen and Chester. We remain on target to return to gearing of not more than 2x by the end of the first quarter of 2017.
Enquiries:
Johnson Service Group PLC | |
Chris Sander, CEO | |
Yvonne Monaghan, CFO | |
Tel: 01928 704600 | |
Investec Investment Banking (NOMAD) | Bell Pottinger (Financial PR) |
David Flin | Henry Lerwill |
Matt Lewis James Rudd | Gavin Davis Clinton Manning |
Tel: 020 7597 4000 | Tel: 020 3772 2500 |