Johnson Service Group PLC
07 July 2005
7 July 2005
Johnson Service Group PLC
Pre-Close Trading Statement for the Half Year to 25th June 2005
Johnson Service Group PLC, the textile related services and facilities
management Group announces its pre-close trading update today.
Overall the Group has traded satisfactorily during the first half of the year.
The trading environment in the textile rental division remains unchanged though
we continue to be encouraged by the performance of the workwear rental business,
where revenue and volumes are now showing small year on year growth. The linen
and hospitality business continues to show good revenue growth.
The corporatewear division is performing strongly, with the recent acquisitions
performing at, or above, our expectations.
The facilities management and specialist supplies division continues to perform
well.
The trading conditions in the retail sector, led by weaker consumer demand,
continue to affect our drycleaning division where we have seen little
improvement since the first three months of the year. However, the action taken
to reduce appropriate costs has improved the operating margin as expected and we
remain prepared to take further action if necessary.
As a result of the changing seasonality of the Group's business, profits are
expected to be biased towards the second half of the year. The Board remains
confident in the prospects for the Group as a whole and continues to believe
that we will achieve a satisfactory outcome for the year.
The Group expects to announce its interim results on Monday 12 September 2005.
For further information, please contact:
Johnson Service Group PLC Hudson Sandler
Stuart Graham, CEO Michael Sandler
Jim Wilkinson, CFO Sandrine Gallien
Telephone: 020 7290 0390 Telephone: 020 7796 4133
Website: johnsonplc.com
Notes to editors - The Johnson Service Group
The Johnson Service Group is a support services business with two principal
activities: Textile Related Services and Facilities Management. The Group's core
activities have been developed and strengthened through a combination of
strategic acquisitions and organic growth.
Textile Related Services includes some of the industry's leading names. Johnsons
Apparelmaster is Britain's leading workwear rental business; CCM specialises in
the manufacture and sourcing of workplace garments; Dimensions is the country's
leading supplier of retail corporatewear; DCC is the leading supplier of
corporatewear to the finance industry; Johnsons Cleaners, Britain's No. 1
drycleaning brand, and Sketchley, provide a nationwide network of circa 600
retail drycleaning shops. Jeeves of Belgravia provides an exclusive and bespoke
drycleaning service within the London area. The linen and hospitality business
comprises Stalbridge Linen, which is Britain's leading supplier of linen and
chefs' wear to the leisure, professional catering and corporate hospitality
sectors and Johnson Hospitality Services, which is the British market leader in
the hire of catering equipment, hospitality furniture and related items to
sporting, entertainment and similar events.
Johnson Workplace Management, provides a comprehensive range of services based
on a unique business model. This focuses on management, property expertise and
the provision of a wide range of support services to FTSE businesses, national
companies and institutions.
This information is provided by RNS
The company news service from the London Stock Exchange
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