Johnson Service in line for full year targets

4th Jul 2013 11:31

Textile rental and facilities management business Johnson Service said it will deliver a strong first half and expects annual results to be in line with expectations.Within the Textile Services division, Textile Rental has traded well in the first half of the year, benefiting from the first full year of ownership of the Cannon Textile business, the group explained. Drycleaning continues to show an improvement in the like-for-like sales growth, it added.Facilities Management, which receives over half of its revenue from long-term PPP contracts, has continued to perform in line through the first half.Johnson Service said it expects net debt will have reduced to below £54.0m at the June 30th 2013. CJ