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Pre-Close Trading Statement

4th Jul 2013 07:00

RNS Number : 5448I
Johnson Service Group PLC
04 July 2013
 



 

4th July 2013

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 2013, which are expected to be released on 3 September 2013, Johnson Service Group PLC (the 'Group') announces the following update on current trading.

 

Within the Textile Services division, Textile Rental has traded well in the first half of the year, benefitting from the first full year of ownership of the Cannon Textile business. Drycleaning continues to show an improvement in the like for like sales growth which is particularly encouraging.

 

Facilities Management, where more than half of the revenue is derived from long term PPP contracts, has continued to perform in line through the first half.

 

It is anticipated that net debt will have reduced to below £54.0 million at the 30 June 2013.

 

We will deliver a strong result for the first half of the year and expect the results for 2013 to be in line with expectations, delivering another year of good progress.

 

 

 

 

Enquiries:

 

Johnson Service Group PLC

John Talbot, Executive Chairman

Yvonne Monaghan, Finance Director

Tel: 01928 704600

Investec Investment Banking

(NOMAD)

Newgate Threadneedle

James Rudd

Graham Herring

David Flin

Cara Griffiths

John Coles

Tel: 020 7597 4000

Tel: 020 7653 9850

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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