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Sodexo Group posts solid half year results but remains cautious over Covid

Sodexo Group has posted a better than expected underlying operating profit margin of 3.1 per cent for the six-month period through February, but warns that with continuing uncertainty due to the pandemic, it expects little improvement in the quarter on ...

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Morgan Sindall Property Services contributes to group’s robust performance

Repairs and maintenance specialist, Morgan Sindall Property Services, has contributed to Morgan Sindall Group’s strong performance for the year end of 2020. The construction and regeneration group’s latest figures demonstrate resilience throughout the pandemic, delivering an adjusted operating profit of ...

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Mite delivers a ‘strong performance’ in Q3

Mitie’s Q3 trading update for the three-month period ending 31 December 2020 states the group achieved a “strong performance” in the third quarter of the year as the Covid-19 lockdown measures were eased. Organic revenue for the three months ended ...

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Sixth year of consecutive growth for Pareto FM

Pareto FM has reported its annual turnover has risen for the sixth consecutive year despite seven months of trading being impacted by Covid-19. Figures published for the year ending September 2020 show a 15 per cent growth in turnover to ...

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2020: A ‘year of two halves’ for Compass Group

According to Compass Group, 2020 has been a “year of two halves” for the company, which began the year on track to deliver its strongest performance ever before the Covid-19 pandemic led to all  of its Sports & Leisure business ...

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Mitie’s first half performance ‘more resilient than expected’

Mitie has reported that its financial performance in the six months to 30 September 2020 has been “more resilient than expected, with an improvement in the second quarter” due to the easing of lockdown rules. The firm stated that its ...

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Edwin James Group reports 15% increase in turnover

The facilities engineering and technical services company has reported strong trading following growth across all of its core market sectors. Edwin James Group’s annual results saw turnover rise 15 per cent to £153 million with an increase in earnings (EBITDA) ...

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NG Bailey’s ‘strong financial position’ provides confidence for the future

For the year ended 28 February 2020, NG Bailey has reported a three per cent increase in turnover to £573 million, with underlying operating profit also increasing from £19.4 million to £19.8 million. Reporting a strong financial year, the independent ...

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Sodexo: Impact of Covid-19 hits revenue

Sodexo has published its full year fiscal results which reports a revenue organic growth of -12%. While the first half organic growth was +3.2%, the second half was down -27.5%, impacted by the Covid-19 pandemic. Second half Fiscal 2020 organic ...

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Serco increases 2020 forecasts following strong revenue growth in Q3

Outsourcing firm, Serco Group, has provided an unscheduled update on the outlook for trading in 2020. In a recent trading update statement, the international provider of services to governments says it has achieved “strong revenue growth in the third quarter” ...

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