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ISS Global A/S receives Moody’s Ratings upgrade

As a result of its solid operating performance and improved financial metrics, global workplace experience and facility services company, ISS, has received an upgrade from Moody’s Ratings. The long-term issuer credit rating on ISS Global A/S, as well as the ...

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Modest growth for Sodexo in Fiscal Year 2025

Sodexo has published its results for Fiscal 2025 which it reports are in line with revised guidance. Financial highlights include: Fiscal 2025 consolidated revenues reached €24.1 billion, up +1.2% year-on-year; Organic revenue growth of +3.3% (or +3.7% excluding the base ...

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Year of record sales and improved profitability for NG Bailey

A year of record sales and improved profitability has been reported by independent engineering and infrastructure services business, NG Bailey, as it delivers its strategy for sustainable, long-term growth. The positive financial results follow Jonathan Stockton’s first year in post ...

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FM revenue helps JHE post record turnover of £11.5m

A strong performance from John Heaney Electrical Limited’s (JHE) facilities management division has helped the company post a record turnover of £11.5 million in its latest set of financial results. This marks the third year running that the West Lothian-based ...

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Mitie upgrades full-year operating profit guidance

Mitie has reported continued good momentum in Q4 and upgraded its full-year operating profit guidance in its trading update for the year ended 31 March 2025 (FY25) published today. Highlights include record revenue, up 13% to c.£5.1bn (FY24: £4.5bn), including ...

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ISS reports a ‘robust’ first nine months of trading

Global workplace experience and facilities management firm, ISS, has reported a robust first nine months with continued business improvements in its trading update for 1 January – 30 September 2024. Organic growth was 4.8% in Q3 2024 (Q3 2023: 9.3%) ...

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Workplace and built environment responds to a ‘tough’ Autumn budget

Chancellor Rachel Reeves vowed yesterday to ‘restore stability to our country again’ by stabilising the UK’s finances while also rebuilding public services. However, industry commentators within the built environment described the budget as ‘a tough one for business’, due to ...

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Sodexo delivers a ‘strong set of numbers’ for FY24

Sodexo’s Full Year Group Results for Fiscal 2024 report a strong financial delivery in a year of structural transformation for the food services and facilities management company. Group revenues increased +5.1% year-on-year driven by organic growth of +7.9%. The year benefited ...

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Mitie continues with good trading momentum

The FM provider has released its latest trading update for the three-month period ended 30 June 2024 (Q1 FY25), which reports growth in revenue of 10.5% to £1,164m compared with the same quarter last year (Q1 FY24: £1,053m). Mitie says ...

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Serco increases full-year guidance following ‘good progress’

Serco has updated its full-year guidance for 2024 having reported “good progress” in the first six months. The outsourcing firm reports that group revenue is in line with expectations at around £2.4bn, and underlying operating profit is ahead of plan ...

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