Johnson Service ( (GB:JSG) ) has issued an update.
Johnson Service Group PLC reported a robust financial performance for the year ending December 2024, with a 10.3% increase in revenue to £513.4 million and a 23.4% rise in adjusted operating profit. The company plans to launch a share buyback program and has set targets for margin improvement by 2026. The acquisition of Empire Linen Services Limited and ongoing investments in operational efficiencies and sustainability initiatives highlight the company’s strategy for growth and market positioning. The Board is considering a move to the Main Market, indicating confidence in future progress.
More about Johnson Service
Johnson Service Group PLC operates in the textile services industry, focusing on providing linen and workwear rental services. The company primarily serves the Hotel, Restaurant, and Catering (HORECA) sector, as well as the workwear market, with a strong emphasis on customer retention and geographic expansion.
YTD Price Performance: -3.39%
Average Trading Volume: 637,874
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £543.6M
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