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Johnson Service Group Reports Solid Growth and Strategic Acquisition
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Johnson Service Group Reports Solid Growth and Strategic Acquisition

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

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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.

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