Pre-Close Trading Statement

RNS Number : 1895D

Johnson Service Group PLC

05 July 2016

 

5 July 2016       

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 2016, which are expected to be released on 6 September 2016, Johnson Service Group PLC (the 'Group') announces the following update on current trading.

We will deliver another strong result for the first half of the year reflecting both an encouraging underlying performance together with the benefit of acquisitions over the last twelve months. We expect the full year results for 2016 to be slightly ahead of expectations.

The recent acquisitions of Zip, Afonwen and Chester are trading as expected and the integration into the wider Textile Rental business is successfully underway.

Net debt at 30 June 2016 was slightly lower than management's expectations, following the purchase of Zip, Afonwen and Chester. We remain on target to return to gearing of not more than 2x by the end of the first quarter of 2017.

Enquiries:

 

Johnson Service Group PLC
Chris Sander, CEO
Yvonne Monaghan, CFO
Tel: [phone]
Investec Investment Banking (NOMAD)	Bell Pottinger  (Financial PR)
David Flin	Henry Lerwill
Matt Lewis James Rudd	Gavin Davis Clinton Manning
Tel: [phone]	Tel: [phone]

 

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