Register
 (photo: Rentokil Initial plc)
01.03.2018, 08:30

Strong Growth from Rentokil Initial

Company News
FTSE 100 business services group Rentokil Initial has announced revenue growth of 14.5 per cent and on-going operating profits of 14.8 per cent in preliminary results for the year ended 31 December 2017.

 
The group has also proposed a 15 per cent increase in its final dividend to 2.74p. 

 

The results follow an aggressive acquisition programme which has cemented Rentokil Initial as the third-largest provider of pest control services in the United States and a key player in Southern Asia following the purchase of a controlling stake in PCI (India's largest provider of pest control services). 

 

Additional acquisitions have diversified Rentokil Initial's services offering into hygiene services and workwear.


Commenting on the results, CEO Andy Ransom, said:

“I am pleased with our performance in 2017 and the continued growth momentum in the business. Pest Control has performed well across the regions and we remain encouraged by the progress we are delivering in Hygiene, which is a strong complementary business to our Pest Control operations. 2017 has also been a particularly good year for M&A and we have acquired 33 Pest Control companies and 7 high-quality Hygiene businesses across 24 countries, strengthening our already leading positions in key growth territories. We continue to see a strong pipeline of value enhancing acquisition opportunities going forward.

“Overall, we have had a very good year and I am delighted that we have again exceeded our medium-term financial targets for revenue, profit and cash. We are confident of delivering further progress in 2018.”

 

News Editor

About News Editor

+

www.fmindustry.com covers the latest news, developments and opportunities in facilities management and corporate real estate, and hosts archived content from Facilities Management Magazine™ ("FM Magazine") and its sister publications.

Article rating:

vote data

 (photo: Rentokil Initial plc)
News Editor  - 01.03.2018, 08:30

Strong Growth from Rentokil Initial

FTSE 100 business services group Rentokil Initial has announced revenue growth of 14.5 per cent and on-going operating profits of 14.8 per cent in preliminary results for the year ended 31 December...

(Photograph courtesy of Tookapic). (photo: )
Marissa Francis  - 05.03.2018, 17:13

The Definition of 'Clever'

Marissa Francis, Heating Ventilation and Air Conditioning (HVAC) Improver with ABM UK, explains why university isn't the only route into facilities management.

New chargepoint installation at Southampton Airport. (photo: Southampton Airport)
AGS Airports  - 26.03.2018, 11:30

Southampton Airport Adds EV Chargepoints

Southampton Airport is helping power the growing number of electric vehicle (EV) drivers on UK roads with the installation of seven new Pod Point 7kW chargepoints in its short stay and priority...

(Photograph courtesy of Tookapic). (photo: )
Marissa Francis  - 05.03.2018, 17:13

The Definition of 'Clever'

Marissa Francis, Heating Ventilation and Air Conditioning (HVAC) Improver with ABM UK, explains why university isn't the only route into facilities management.

New chargepoint installation at Southampton Airport. (photo: Southampton Airport)
AGS Airports  - 26.03.2018, 11:30

Southampton Airport Adds EV Chargepoints

Southampton Airport is helping power the growing number of electric vehicle (EV) drivers on UK roads with the installation of seven new Pod Point 7kW chargepoints in its short stay and priority...

 (photo: Weland Solutions AB)
Weland Solutions AB  - 21.11.2018, 13:52

From Traditional Shelving to Acclaimed Storage

When global leader in cable harnesses, electrical cabinets, and mechanical systems for vehicles and industry Rimaster needed to rationalise its storage, it commissioned Swedish supply chain and...

A Samsung Machine Tools CMC Lathe. (photo: Samsung Machine Tools)
CNC Machines LLC  - 20.11.2018, 18:04

Black Friday Deals on Used CNC Machines

CNC Machines LLC, a Florida-based supplier of computer numerical control (CNC) machines used by small and mid-sized manufacturers, is hosting a unique virtual sale on more than 500 machines from...