Pre-close Trading Statement

RNS Number : 3782T

Johnson Service Group PLC

05 January 2017

 

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: [phone]
Investec Investment Banking (NOMAD)	KTZ Communications  (Financial PR)
David Flin	Katie Tzouliadis
Matt Lewis James Rudd	Emma Pearson
Tel: [phone]	Tel: [phone]

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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