Johnson Service Group Reports Solid Growth and Strategic Acquisition
Company Announcements

Johnson Service Group Reports Solid Growth and Strategic Acquisition

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

Johnson Service Group PLC has reported a strong first half of 2024, with a 13.5% increase in revenue to £244.1 million and a 32.6% rise in adjusted operating profit at £25.2 million, signaling robust organic growth and successful acquisitions. The firm has also made a strategic £20.6 million acquisition of Empire Linen Services Limited, enhancing its luxury hotel service offerings, and has shown confidence in achieving a full-year performance in line with market expectations. With improved margins and controlled energy and labor costs, the company is on a clear path towards its 2026 targets.

For further insights into GB:JSG stock, check out TipRanks’ Stock Analysis page.

Related Articles
Austin AngeloJohnson Service (JSG) Unveils Dividend Details for Q4: Mark Your Calendar!
TipRanks UK Auto-Generated NewsdeskJohnson Service Group Announces Strong H1 Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App