28th Apr 2016 07:05
LONDON (Alliance News) - Textile services company Berendsen PLC on Wednesday said trading in the first quarter of 2016 met its expectations, with solid performances in its divisions.
Berendsen said revenue grew 6.0% in the quarter to the end of March year-on-year, benefiting from currency movements. In constant currencies, revenue grew 3.6%.
The company said underlying operating profit was ahead year-on-year in the quarter and it expects a year of good underlying progress.
Berendsen's Workwear and Facility divisions both performed well in the quarter, while its Hospitality business also traded strongly, particularly in Scandinavia. Health revenue fell in Germany and Austria and saw lower-than-anticipated volumes in the UK.
By Sam Unsted; [email protected]; @SamUAtAlliance
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