Johnson Service Group expects to beat full-year guidance
Johnson Service Group said on Tuesday that its results for the full year are now anticipated to be slightly ahead of current market expectations after sustained strong trading.
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The textile rental provider, which provides clothing such as workwear and protective wear to more than 1.3m people a week, said planned capital investment across the business is continuing in order to increase capacity and productivity for the busy summer months.
Construction of the AIM-listed company's new Leeds hotel linen site, which is being built for logistical benefits and increased capacity for the business in Northern England, remains on schedule and within budget and is expected to be operational in the second quarter of 2020.
Johnson Service Group shares were up 4.95% at 156.80p at 1008 BST.