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: [phone]
Investec Investment Banking (NOMAD)	Bell Pottinger
David Flin Matt Lewis James Rudd Tel: [phone]	Rollo Crichton-Stuart Gavin Davis Greg Wood Tel: [phone]

 

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