Business
Full Year Results
Full Year Results.
About this update from Johnson Service Group Plc
[{"type":"text","content":"\n \nRNS Number : 5278Q Johnson Service Group PLC 01 March 2016 \n\n \n \nJohnson Service Group PLC\nPreliminary Announcement for the Financial Year ended 31 December 2015\n \n\"Continuing strong growth\"\n \nJohnson Service Group PLC (the 'Group'), the leading UK textile services business, announces its Preliminary Results for the financial year ended 31 December 2015.\n \nFINANCIAL HIGHLIGHTS\n\n\n\n\nContinuing Operations\n\n\n2015\n\n\n2014\n\n\n Increase\n\n\n\n\nRevenue\n\n\n£234.4m\n\n\n£210.4m\n\n\n11.4%\n\n\n\n\nAdjusted Operating Profit1\n\n\n£27.9m\n\n\n£21.8m\n\n\n28.0%\n\n\n\n\nAdjusted Profit Before Tax2\n\n\n£25.2m\n\n\n£20.0m\n\n\n26.0%\n\n\n\n\nAdjusted Fully Diluted Earnings Per Share3\n\n\n6.30p\n\n\n5.20p\n\n\n21.2%\n\n\n\n\nProfit Before Tax\n\n\n£12.7m\n\n\n£11.6m\n\n\n9.5%\n\n\n\n\nDividend\n\n\n2.10p\n\n\n1.70p\n\n\n23.5%\n\n\n\n\nNet Debt\n\n\n£71.2m\n\n\n£28.5m\n\n\nn/a \n\n\n\n\n \nOPERATIONAL HIGHLIGHTS\n\n\n\n\n• \n\n\nContinuing strong performance with Adjusted Operating Profit1 up 28% to £27.9 million and Adjusted Profit Before Tax2 up 26% to £25.2 million\n\n\n\n\n• \n\n\nStrategic acquisitions of London Linen and Ashbon successfully completed and immediately earnings enhancing\n\n\n\n\n• \n\n\nTextile Rental performed ahead of management expectations with high levels of customer retention\n\n\n\n\n• \n\n\nRestructuring of Drycleaning successfully completed; positive progress with our Waitrose partnership\n\n\n\n\n• \n\n\nSustained increase in Adjusted Earnings Per Share; Final Dividend up 20.8% to 1.45p, making a full year dividend of 2.10p, an increase of 23.5%\n\n\n\n\n \nChris Sander, Chief Executive Officer of Johnson Service Group, commented:\n\"Our business sustained strong growth momentum in 2015, as demonstrated by the increase in revenue and adjusted profit before tax. The acquisitions of London Linen and Ashbon have successfully increased our reach and capability in the key hotel, restaurant and catering market. The Group remains focused on ensuring the best possible service for our customers and sustainable returns for our shareholders. We are well placed to continue our growth both organically and through earni...