TIDMJSG

RNS Number : 1895D

Johnson Service Group PLC

05 July 2016

5 July 2016

Johnson Service Group PLC

Pre-Close Trading Statement

Prior to entering its close period ahead of reporting its Interim results for the six months to 30 June 2016, which are expected to be released on 6 September 2016, Johnson Service Group PLC (the 'Group') announces the following update on current trading.

We will deliver another strong result for the first half of the year reflecting both an encouraging underlying performance together with the benefit of acquisitions over the last twelve months. We expect the full year results for 2016 to be slightly ahead of expectations.

The recent acquisitions of Zip, Afonwen and Chester are trading as expected and the integration into the wider Textile Rental business is successfully underway.

Net debt at 30 June 2016 was slightly lower than management's expectations, following the purchase of Zip, Afonwen and Chester. We remain on target to return to gearing of not more than 2x by the end of the first quarter of 2017.

Enquiries:

 
 Johnson Service Group PLC 
 Chris Sander, CEO 
 Yvonne Monaghan, CFO 
 Tel: 01928 704600 
 
 Investec Investment Banking   Bell Pottinger (Financial PR) 
  (NOMAD) 
 David Flin                    Henry Lerwill 
 Matt Lewis                    Gavin Davis 
  James Rudd                    Clinton Manning 
 Tel: 020 7597 4000            Tel: 020 3772 2500

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

July 05, 2016 02:00 ET (06:00 GMT)

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