UK-based JSG reports strong financial performance over 2018

The Johnson Service Group has reported “another consistent and strong financial performance” for the year ended 31 December 2018. Adjusted profit before taxation increased by 7.1% to £42.5m from £39.7m in 2017. The group confirmed that its planned new high volume linen plant in Leeds is to be opened in the Spring of 2020.

Announcing its preliminary results, the company claims that total continuing revenue for the year increased by 10.4% to £321.1 million, reflecting its continuing strong organic growth performance of 7.8% and contributions from acquisitions in 2018 as well as in 2017.

The company’s recently appointed CEO Peter Egan: “Our strategy of driving the quality of growth organically by investing capital in our operations, coupled with selective acquisitions, has delivered another strong year of substantial growth with both divisions achieving higher levels of new business. We are continuing to focus on growing the business through targeted investment in our current sites, developing new capacity where market opportunities have been identified and expanding geographical coverage through acquisition. The combination of these three strands allows us the platform to continue to provide an excellent service to our customer base. We remain confident in the year ahead.”