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Tag Archives: trading update

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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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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Serco faces the Coronavirus crisis from a position of ‘relative strength’

Serco has provided an unscheduled update on its current trading and its approach to meeting the challenge of the Coronavirus. The company has reported that although the financial results for March have not yet been consolidated, early indications are that ...

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Mitie provides update on the impact of Covid-19

Mitie has issued an update in relation to the impact of the Covid-19 outbreak reporting that whilst it is unable to to predict with any accuracy the long-term operational impact of Covid-19 on its business at the present time, it ...

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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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Compass reports another strong year

Compass Group has reported a strong performance in its full year results for the year ended 30 September 2019, despite a challenging trading environment in Europe. Revenue for the Group increased by 6.4% to £25.15 billion on an organic basis, ...

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ISS boasts strong organic growth

In ISS’ latest trading update revenue increased by 6.3% in the first nine months of 2019 and 8.9% in Q3 (Q2 2019: 5.0%). Organic revenue grew by 6.8% in the first nine months of 2019 and 8.4% in Q3 (Q2 ...

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Kier post-close update warns of £100m shortfall in turnover

Kier Group has provided an update on net debt, trading and strategic initiatives, following the close of its 2019 financial year. As at 30 June 2019, the Group’s net debt was £167 million. Its average month-end net debt for the 2019 ...

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