Rentokil Intitial plc Trading Statement
Rentokil Intitial plc Trading Statement
Read MoreTag: Rentokil Initial
Rentokil Initial (including Initial City Link) interim Results for the half year to 30th June 2003
RENTOKIL INITIAL CONTINUES TO DELIVER
STRONG ORGANIC GROWTH AND CASH FLOW
* Turnover from continuing operations increased 6.5% to #1,222.2m.
* Profits before tax increased 7.4% to #200.5m.
* Earnings per share up 12.3% to 7.85p.
* Strong operating cash flow at #118.1m.
* Interim dividend up 10.8% to 1.75p.
* Excellent performances in Security and Parcels Delivery.
* Greater focus on European Hygiene and Security in the future.
* Board expects strong growth in earnings per share for 2003 in line
with market expectations.
Rat catcher is still on the scent of growth – corporate profile of Rentokil Initial
RENTOKIL, rat catcher to the Queen, has a new boss. James Wilde has the difficult task of taking over the reins from Sir Clive Thompson, the famous “Mr 20 per cent” who delivered unprecedented growth levels at the company for most of his 20 years in charge.
Wilde’s task is not easy: Rentokil is the number one pest control business in the world and cleans more washrooms than any other group in the world. It also provides more education and training centres around the world than anyone else and supplies more tropical plants to the world’s workplaces than any other company. Some might say there is only one direction for the company to go from here.
Courier firm branches out into home delivery
Momentum is said to be gathering behind a home delivery venture by A to Z Couriers, a member of the Rentokil Initial group. The company has set up the operation at its Islington branch in north London, and is already handling product deliveries in the area for catalogue retailers such as Grattan, Littlewoods and Next.
Read MoreRentokil Initial full year results
Rentokil Initial full year results
Read MorePost & Parcel Magazine
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.