Johnson Service Group PLC Pre-close Trading Update (3198L)
12 Janeiro 2021 - 4:00AM
UK Regulatory
TIDMJSG
RNS Number : 3198L
Johnson Service Group PLC
12 January 2021
12 January 2021
AIM: JSG
Johnson Service Group PLC
("JSG" or "the Group")
Pre-close Trading Update
JSG, a leading UK textile services provider, is pleased to
provide a trading update for the year ended 31 December 2020.
Trading since our previous update on 17 November 2020 has
continued to be impacted by the various lockdowns and Tier
restrictions, particularly in our Hotel, Restaurant and Catering
("HORECA") division.
Notwithstanding this, we expect the adjusted EBITDA margin for
the full year to be slightly ahead of that achieved in the first
half. We estimate that we will report a net cash position
(excluding IFRS 16 liabilities) of some GBP6.0 million as at the
end of December 2020.
The Group is currently impacted by the various ongoing lockdowns
and restrictions and we will continue to adjust our processing
capacity and resources to match the volumes required by our
customers. As in the previous lockdowns, we expect that our HORECA
business will be disrupted significantly more than our Workwear
division.
We expect to announce the full year results in mid- March
2021.
ENQUIRIES
Johnson Service Group PLC
Peter Egan, CEO
Yvonne Monaghan, CFO
Tel: 01928 704 600
Investec Investment Banking (NOMAD) Camarco (Financial PR)
David Flin Ginny Pulbrook
Carlton Nelson Oliver Head
Tel: 020 7597 5970 Tel: 020 3757 4992
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END
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