26th Feb 2016 07:52
LONDON (Alliance News) - Textile services company Berendsen PLC on Friday said its pretax profit and revenue fell in 2015 due to currency effects.
With its underlying performance broadly strong, it said, Berendsen pushed its dividend higher.
The FTSE 250-listed group said its pretax profit dipped to GBP113.4 million from GBP117.0 million a year earlier, with revenue falling to GBP1.01 billion from GBP1.04 billion, mainly due to the translation effect of the weak euro.
Workwear revenue rose in constant currencies, Berendsen said, with a strong performance in Germany and good productivity improvements in the UK. Facility division revenue also grew in constant currencies, helped by a strong performance from Berendsen's Cleanroom business, while its UK Flat Linen unit saw revenue growth subdued by churn among its hotel clients.
Berendsen will pay a final dividend of 21.5 pence per share, taking its total dividend up 5.0% year-on-year to 31.5p.
"We are pleased to report good operational progress for the year, in line with our expectations. The board expects to achieve a further year of good underlying progress in 2016," said Chairman Iain Ferguson.
By Sam Unsted; [email protected]; @SamUAtAlliance
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