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ISS provides update relating to IT security incident and COVID-19

Global facilities services firm, ISS, has reported organic growth for January 2020 was strong and above its expectations at 7 per cent. The business stated it has “continued to perform and deliver uninterrupted service to the vast majority of clients” ...

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Sodexo expects an impact of around €2bn on annual revenues due to Coronavirus pandemic

In a recent announcement, Sodexo has stated its Fiscal 2020 H1 landing to be published on April 9, 2020 is expected to be “in line” with internal forecasts and aligned with the Fiscal 2020 annual guidance. The global support services ...

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Serco’s revenue increases for the first time since 2013 

In its full year results 2019 Serco has reported its revenue of £3.2 billion increased by 14.5%, comprising 8.2% organic growth, 4.8% contribution from acquisitions and 1.5% currency benefit. Serco said there was “very strong” constant currency growth in Americas ...

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ISS reports strong organic growth for full year 2019

ISS’ financial results for the full year 2019 have reported strong organic growth and improving underlying free cash flow, despite selective operational challenges for the business. The global support services company reported organic growth of 7.1% in 2019 (2018: 3.9%) ...

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Morgan Sindall Property Services contributes to Group’s positive results

Repairs and maintenance specialist, Morgan Sindall Property Services, has helped to deliver positive group preliminary results for the year end of 2019. The construction and regeneration group, Morgan Sindall Group plc delivered strong profit growth in 2019, with adjusted profit ...

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Revenues of £300m for VINCI Facilities

Following strong figures projected halfway through 2019 VINCI Facilities has reported sustained growth with revenues of around £300 million for the full year. According to the FM services provider one of the mainstays of its success is its ability to ...

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Mitie reports “flat” organic growth in Q3 trading update

Mitie Group’s trading update for the nine-month period from 1 April to 31 December 2019 reports a total revenue growth, including the acquisition of VSG at circa 6 per cent with good growth in its Business Services and Specialist Services ...

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Pareto FM reports 55% growth in turnover

Pareto FM has seen its annual turnover rise for the fifth consecutive year. Figures published this week for the year ending September 2019 show a 55 per cent growth in turnover to £14.1 million. The facilities and engineering services provider ...

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FRC announces delay on Carillion first-stage report

UK audit watchdog, the Financial Reporting Council (FRC) has announced the first stage of its investigation into the financial statements of collapsed British multinational facilities management and construction services firm, Carillion, is now expected to be completed by the summer ...

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Sodexo reports on revenues for the first quarter of Fiscal 2020

Support services firm, Sodexo, has reported revenue growth as “solid” for the first quarter of Fiscal 2020. Consolidated revenues in the first quarter totalled €6.1 billion, up +7.1% year-on-year, with organic revenue growth at 3.8%, which Sodexo says is “in ...

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