Rentokil Initial ( (GB:RTO) ) has provided an update.
Rentokil Initial reported its 2024 preliminary results, showing a challenging year with lower profits and margins, but in line with revised guidance. The company is progressing with the integration of Terminix, expected to complete by the end of 2026, which has impacted North American performance. Despite this, improvements in colleague and customer retention were noted. The company is revising its branding and branch strategy to enhance growth and efficiency, aiming for North American margins to exceed 20% post-integration. Rentokil Initial remains confident in delivering sustained growth due to its global presence, strong brand portfolio, and focus on customer service and innovation.
More about Rentokil Initial
Rentokil Initial is a global leader in pest control services, operating in approximately 90 countries. The company is the largest pest control operator in the United States and is known for its industry-leading technology and diversified global footprint.
YTD Price Performance: -3.19%
Average Trading Volume: 4,711,447
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £9.67B
Learn more about RTO stock on TipRanks’ Stock Analysis page.