Johnson Service (GB:JSG) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Johnson Service Group PLC reports a robust start to 2024 with revenues up to £114 million and organic growth at 8.9%, driven by its HORECA and Workwear segments. The company’s new HORECA site in Crawley is set to begin test processing, contributing to future capacity and profitability, while the integration of Celtic Linen is progressing well. Energy cost forecasts suggest potential improvements in operating profits over the next three years, and despite an increase in bank debt, the company is poised for strong growth with targeted acquisitions and operational efficiencies.
For further insights into GB:JSG stock, check out TipRanks’ Stock Analysis page.