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Last checked at 
5 Jan 2017 07:00
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 James Rudd | 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.
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.
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