IN BRIEF: Johnson Service highlights challenges in hospitality market
Johnson Service Group PLC - Cheshire, England-based textile services provider - Reports a slow start to the summer from the hotel, restaurant and catering sector, but has "started to see a slight improvement in volumes in the last two weeks". The earlier struggle reflected "the current challenges in the wider hospitality market". "[We] are mindful that future consumer discretionary spend remains unpredictable," it adds. For the six months to June 30, revenue rises 5.5% on-year to GBP257.6 million from GBP244.1 million, Johnson Service estimates. The company predicts further "progress in revenue and margin growth" in 2025. Johnson Service expects July 31 to be its last day of trading on AIM before switching to London's Main Market. Half-year results will be published on September 2. Read More