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Johnson Services Group expects results 'slightly ahead' of market expectations

By BFN News | 09:45 AM | Tuesday 02 July, 2019


Textiles company Johnson Services Group said it expected full-year results to be 'slightly ahead' of current market expectations as trading had continued to be strong since its update in May. Following the update in early May, trading had 'continued to be strong, with encouraging levels of organic growth, and we now expect results for the full financial year to be slightly ahead of current market expectations,' the company said. Planned capital investment across the business was continuing in order to increase capacity and productivity for the busy summer months, the company added. 'As mentioned in May, construction of our new Leeds hotel linen site remains on schedule and within budget and is expected to be operational in the second quarter of 2020.' At 9:45am: (LON:JSG) Johnson Service Group PLC share price was +6.2p at 155.6p Story provided by StockMarketWire.com

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