MITIE Group PLC - Trading Statement
Following its Annual General Meeting yesterday and the first Board Meeting chaired by new Chairman,
The Company confirms that first quarter trading was in line with expectations and full year guidance is unchanged.
Unaudited Group Revenue at
Although the Group is on-track with its 'Project Helix' transformation plan, initiatives to improve customer service and upfront overhead costs, particularly in the Connected Workspace, meant that underlying 1Q profit was slightly down year on year.
New contract wins and the transformation plan provide the underpinning for FY2018 guidance. Of the Company's top 20 accounts, only one contract is expected to be re-bid before 2020.
Interim results for the six months ending
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Notes for editors
Mitie is a
We work in partnership with organisations to deliver long-term savings, managing and maintaining some of the nation's most recognised landmarks for a range of blue-chip public and private sector customers.
We are the
Find out more at www.mitie.com
This information is provided by RNS
Quick facts: MITIE Group PLC
Market Cap: £315.08 m
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