Berendsen sees margin improvements ahead of half year results

The textile maintenance business, Berendsen, says it will post flat revenues in the half year to the end of June, after taking into account currency effects.

The textile maintenance business, Berendsen, says it will post flat revenues in the half year to the end of June, after taking into account currency effects.

The firm sources and cleans workwear and linen for industrial uses like hotels.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

In today's statement the firm added: "We expect to deliver an increase in operating margin at the half year and, notwithstanding the impact of currency and the higher interest costs from last year's refinancing, our reported profit before tax is expected to be moderately ahead of last year's first half."

The stock was up 1% at 09:03.

BS

MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.