||EPS - Basic
||Market Cap (m)
Berendsen Share Discussion Threads
Showing 201 to 224 of 225 messages
|Quite a plunge yesterday, certainly removed any froth.
Martin Waller in The Times says half year results were respectable enough but 'growth not up to scratch' for the worried analysts.
A somewhat 'tarnished' reputation for Mr Ferguson this time, he will have to squeeze more out of it.
Picking up on one slightly negative point, under UK Flat Linen healthcare Re NHS...
We also continue to engage with Trusts that have not yet outsourced their linen services, where we are well placed to deliver efficiencies and savings, but we have seen some slowdown this year in progress towards tenders.
Under Brexit potential impacts: mention of the currency tailwinds....
However, as over half of the group's operating profits are generated outside the UK, the group's reported revenues and operating profits will benefit modestly from favourable translation should sterling remain at current values.
A fair bit of waffle about models etc and the comings and goings of various business appointees which unless they are very senior I'm not that interested.|
|38% fib retrace = 1280p. I've just topped up there.|
|dodddy - Thanks for highlighting these to me.|
|Nice to see the usual currency headwinds become tailwinds.|
Berendsen plc ("the Group") today issues a Trading Update for the period from 1 January to 31 March 2016 ("first quarter"), prior to its Annual General Meeting today at 11.00am.
Trading in the first quarter was in line with management's expectations. Group revenue was up 3.6% at constant exchange rates and before acquisitions ("underlying"). Reported revenue benefited from the strengthening of the currencies in which we operate, resulting in revenue growth for the Group of 6% compared to last year. Underlying Group operating profit was ahead of the equivalent period last year.
Our Workwear and Facility businesses grew at close to 5% on an underlying basis and there was also good growth in our Hospitality businesses, particularly in Scandinavia. Our Healthcare businesses saw lower revenue in Germany and Austria and lower volumes than expected in the UK, which held back growth in the Business Line.
We are making good progress with the implementation of our strategy, focusing on the completion of our Business Line model and building capabilities. These investments have impacted the operating margin in the short term as expected. The Business Line team for Hospitality is now fully in place and our new operational blueprint for Hospitality is nearing completion. In April Christophe Martin became leader of our Healthcare business. Christophe joins us from Johnson and Johnson and brings significant experience of growing businesses in the healthcare sector. Our business improvement plan for shared services has been launched, we have strengthened our LEAN capability and we expect to have our business development group fully in place in the coming quarter.
We are prioritising capital allocation to the significant opportunities we see in Workwear and Cleanroom in line with our strategy. We are making good progress with our CL2000 investments at four sites in the UK and Germany, extending capacity in other CL 2000 sites and planning for further investment is in place. As a result capital expenditure in the quarter was higher than last year, but our free cash flow was strong and we expect to convert between 75% and 90% of our profit after tax into free cash flow for the year as a whole. Our net debt is slightly higher than at the start of the year.
The Group has made a good start to the current year with trading in line with management's expectations. As previously guided, the Board expects to achieve a further year of good underlying progress.|
|pushing on to first target 1400|
|and added a few more :)|
|added a few more today|
|positively crowded now :) just wait until the masses wake up to this|
|I'm here too...quietly lurking|
Sitting on a considerable profit since buying in 09/2008, plus dividends.|
|added a few more 1170|
|added a few more today. clear skies above now|
|results and forward statement look ok. chart break out to new highs now|
|added a few more today at 1144|
|doji year in 2015, 2016 could be a major break of that consolidation, just starting now.|
|breaking to new highs now|
|added a few more today 1127 target is £16 short to med term|
|added again today 1112|
|been adding to these for last few weeks as a medium to long term hold.
*BERENDSEN RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE|
|From Master Investor...
Textile services specialist Berendsen (BRSN) recorded revenues of £493.7 million over the half year ended 30th June, a 5% decline from last year's level caused by adverse currency movements. Profits before tax dropped by 4% to £48.5 million, but management decided to increase the interim dividend by 5% to 10p. Berendsen shares rose by 23p to 1,023p.|
|theres an old neckline/buy zone at around 1000|
|not a high flyer despite the venue|
|Down -4.5% this morning
Suspect market not liking CEO Ventress 'retiring' rather than todays inline Trading update.
Doesn't say much for his successor.|