Mitie Group plc (GB:MTO) has released an update.
Mitie Group plc, the UK’s leading Facilities Transformation company, has reported a solid half-year performance with a 13% increase in revenue to approximately £2.4 billion, driven by organic growth and new contract wins. The company has achieved a record total contract value of £3.5 billion, up 45%, and made strategic acquisitions to bolster its presence in high voltage power connections and the Spanish security market. Despite increased net debt due to shareholder returns and investments, Mitie is confident in meeting its annual targets and delivering on its three-year plan.
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