Pre-Close Trading Update

RNS Number : 9288K
Johnson Service Group PLC
06 January 2016
 

 

 

                                                                        6 January 2016

 

Johnson Service Group PLC (the "Group")

Pre-Close Trading Update

 

Group trading results for the year ended 31 December 2015 are expected to be in line with market forecasts, which already reflect the positive performance reported in our Interim Results, and significantly ahead of the previous year following our successful acquisitions during the year.

 

Notwithstanding the acquisition of Ashbon Services Limited, announced on 30 November 2015, net debt at the year end is expected to be slightly lower than the £72.4 million reported at June 2015.

 

The National Living Wage will be implemented across the Group in April 2016. We believe that the effect of this, including the benefits of our mitigation plans, is already reflected in current market expectations.

 

The Group will announce its full year results during the week commencing 29 February 2016.

 

Enquiries:

 

Johnson Service Group PLC


Chris Sander, CEO

Yvonne Monaghan, CFO

Tel: 01928 704600




Investec Investment Banking (NOMAD)

Bell Pottinger

David Flin

Matt Lewis

James Rudd

Tel: 020 7597 4000

Rollo Crichton-Stuart

Gavin Davis

Greg Wood

Tel: 020 3772 2500

 

 


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