Berendsen interim profit and revenue drop on weakening euro

31st Jul 2015 09:09

(ShareCast News) - Textile services group Berendsen said the weakening euro hit its interim profit and revenue.Berendsen said its pre-tax profit declined 4.1% year-on-year to 48.5m, while revenue dropped 4.5% to £493.7m.At constant currencies, revenue grew 3% year-on-year in the period and increased 2% on an underlying basis"We are pleased to report good operational progress for the period in line with our expectations and continued momentum towards achieving our strategic objectives," said group chief executive Iain Ferguson."Our reported results were adversely impacted by currency translation and, although this is likely to persist, the board expects to achieve a further year of good underlying progress in 2015."Berendsen shares were on 0.5% to 1,005.00p at 0836 BST on Friday.