Johnson Service Group Anticipates Profit Growth

Johnson Service (GB:JSG) has released an update.

Johnson Service Group PLC reports a promising pre-close update with revenues reaching £244.1 million for the first half of 2024, marking a 5.7% organic growth from the previous year. The HORECA sector shows an 8.5% organic growth, driven by higher volumes, especially in Hotel Linen, with a new site set to boost future performance. The company anticipates a full year adjusted operating profit aligned with market expectations, with bank debt projected to decrease in the second half of the year.

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