Johnson Service Group PLC Trading Statement (3659M)
11 Janeiro 2023 - 4:01AM
UK Regulatory
TIDMJSG
RNS Number : 3659M
Johnson Service Group PLC
11 January 2023
11 January 2023
AIM: JSG
Johnson Service Group PLC
('JSG' or 'the Group')
Pre-Close Update
"Full year outturn is expected to be in line"
JSG, a leading UK textile services provider, today releases an
update on trading.
Trading continued to improve during the second half of 2022, and
we expect to announce full year revenue of approximately GBP385
million (2021: GBP271.4 million). Revenue in our Workwear business
is expected to be GBP134.5 million and in HORECA, GBP250.5 million.
On an organic basis, revenue is expected to have increased by
almost 40% on 2021 levels and, on the same basis, be 2.6% higher
than the pre-pandemic revenue posted for 2019.
HORECA volumes have increased slightly and were over 93% of
normal in the final quarter, helped by the installation of new
customers during the second half.
Whilst cost inflation remains a challenge, we continue to take
appropriate actions to mitigate the impact. We have also traded
further in the energy market such that some 65% of our anticipated
gas requirement and 55% of our anticipated electricity requirement
for 2023 is now fixed.
Year end net debt, excluding IFRS 16 liabilities, is expected to
be approximately GBP14 million. The share buyback programme
announced in September is ongoing with GBP5.6 million of cash
utilised as at 31 December 2022.
The full year outturn is expected to be in line with current
market expectations.
Full year results are expected to be announced in March
2023.
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 Rosie Driscoll
Virginia Bull Toby Strong
Tel: 020 7597 5970 Tel: 020 3757 4981/4992
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTKZGMMVMLGFZG
(END) Dow Jones Newswires
January 11, 2023 02:01 ET (07:01 GMT)
Johnson Service (LSE:JSG)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Johnson Service (LSE:JSG)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024
