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JSG Johnson Service Group Plc

128.20
-3.00 (-2.29%)
Last Updated: 15:52:02
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Johnson Service Group Plc LSE:JSG London Ordinary Share GB0004762810 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.00 -2.29% 128.20 128.00 128.80 133.60 127.60 131.00 522,770 15:52:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 465.3M 27.3M 0.0659 19.51 532.94M

Johnson Service Group PLC Pre-close Trading Statement (3782T)

05/01/2017 7:00am

UK Regulatory


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RNS Number : 3782T

Johnson Service Group PLC

05 January 2017

5 January 2017

AIM: JSG

Johnson Service Group PLC

("JSG" or "the Group")

Pre-close Trading Statement

JSG, the textile rental provider, is pleased to issue the following pre-close trading update for the financial year ended 31 December 2016. In a separate announcement published today, JSG also reports the disposal of its retail Drycleaning business.

Results for the year from the Continuing Textile Rental business are expected to be slightly ahead of current market expectations. This reflects both organic growth, ahead of anticipated levels, and synergy benefits following recent acquisitions.

In addition, net debt to EBITDA (excluding rental stock depreciation) as at 31 December 2016 is expected to be less than 2.0x, a key area of focus for management.

The Group will announce full year results in the week commencing 27 February 2017.

Enquiries:

 
 Johnson Service Group PLC 
 Chris Sander, CEO 
 Yvonne Monaghan, CFO 
 Tel: 01928 704600 
 
 Investec Investment Banking (NOMAD)   KTZ Communications (Financial PR) 
 David Flin                            Katie Tzouliadis 
 Matt Lewis                            Emma Pearson 
  James Rudd 
 Tel: 020 7597 4000                    Tel: 020 3178 6378 
 

About Johnson Service Group PLC

www.jsg.com

Headquartered in Preston Brook, Cheshire, JSG provides textile rental and related services across the UK.

JSG is the leading supplier of workwear and protective wear in the UK with over 40,000 customers, offering these services through the Apparelmaster brand. The Group also provides premium linen services for the hotel, catering and hospitality markets, and high volume hotel linen services, through the Stalbridge, London Linen, Bourne and Afonwen brands.

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTDMGGMNDRGNZM

(END) Dow Jones Newswires

January 05, 2017 02:00 ET (07:00 GMT)

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