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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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Serco posts ‘strong’ first-half year results

In its first-half year results 2020, support services business, Serco, has reported financially its performance has been “exceptionally strong”, with Covid-19 having “little effect” on profits. Revenue grew by 24% to £1.8 billion,  largely due to contract wins in 2019 ...

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Q1 trading: Mitie ‘more resilient than expected’

Mitie Group’s trading update for the three-month period ended 30 June 2020 has revealed that although the Covid-19 situation impacted the performance of the business in the first quarter, the company has proved to be “more resilient than expected“, particularly ...

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MSS Group reports a record year for the business

Integrated facilities services provider, MSS Group, has reported record growth in profit and turnover across the company in its year-end accounts. For the year ending 31st March 2020, the company returned a gross profit of 34 per cent with a ...

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Sodexo Q3 revenues down almost a third due to Covid-19

Q3 fiscal 2020 revenue results for Sodexo are down nearly a third compared to this time last year as a result of Covid-19. In its latest trading update Q3 fiscal 2020 Group revenue was 3,910 million euro, down -31.2%. The ...

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Mitie shows resilience in the face of Covid-19

Alongside this morning’s announcement that Mitie has signed a sales and purchase agreement to acquire Interserve’s FM division, the outsourcing company has also published its full-year results for the year ended 31 March 2020 which reports that although the outbreak ...

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ISS reports solid organic growth

In its latest trading update for the period 1 January – 31 March 2020, global facilities services firm, ISS has reported solid organic growth despite significant Covid-19 impact towards the quarter-end. Revenue increased by 2.4% year-over-year in Q1 2020 with ...

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Vacherin exceeds predictions with 14% turnover increase on previous year

Boutique London caterer, Vacherin, has published its financial results for its final full year as an independent company under the stewardship of Mark Philpott, Clive Hetherington and Phil Roker prior to joining the CH&Co family at the end of February. ...

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Compass Group closes 55% of its businesses as a result of country lockdowns

In the latest trading update from Compass Group, the multinational food and support services company has seen 55% of its businesses closed due to country lock downs as a result of the coronavirus pandemic. The Group’s Sports & Leisure division ...

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