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Johnson Service ( (GB:JSG) ) has issued an announcement.
Johnson Service Group reported a 1.4% rise in first-quarter revenue to £123 million, driven by 3.9% organic growth in its workwear division, while HORECA revenues softened slightly amid pricing and contract renewal pressures. Management continues to tackle cost inflation through productivity measures, price increases and energy hedging, fixing a substantial portion of 2026–2027 electricity, gas and diesel needs to stabilise input costs.
The group refinanced and expanded its revolving credit facility to £175 million, with an additional accordion option, at a lower margin linked to leverage, reinforcing its balance sheet strength and funding flexibility. It is launching a new £55 million share buyback on top of £90.3 million returned since 2022, expecting leverage to remain near the lower end of its 1.0x–1.5x target range and reiterating confidence in margin improvement and achieving at least a 14% adjusted operating margin in 2026 despite HORECA headwinds and geopolitical uncertainty.
The most recent analyst rating on (GB:JSG) stock is a Buy with a £205.00 price target. To see the full list of analyst forecasts on Johnson Service stock, see the GB:JSG Stock Forecast page.
Spark’s Take on JSG Stock
According to Spark, TipRanks’ AI Analyst, JSG is a Neutral.
The score is primarily supported by improved financial performance (strong multi-year revenue/profit recovery) and reasonable valuation with a solid dividend yield. It is held back by weakening technical signals (price below key moving averages and negative momentum) and financial risk factors including higher leverage and volatile free cash flow.
To see Spark’s full report on JSG stock, click here.
More about Johnson Service
Johnson Service Group is a leading textile services provider operating across the U.K. and the Republic of Ireland, supplying workwear and HORECA linen to industrial, hospitality and catering customers. The group focuses on long-term contracts and operational efficiency, with a capital structure targeting moderate leverage to support investment, acquisitions and shareholder returns.
Average Trading Volume: 1,149,092
Technical Sentiment Signal: Hold
Current Market Cap: £490M
Learn more about JSG stock on TipRanks’ Stock Analysis page.