Rentokil reported strong FY18 results, surpassing its annual targets of revenue, profitability and free cash flow conversion. All the regions clocked profitable growth, including France which rebounded after a few years. The company seems all set to continue the M&A spree in FY19, across the pest control and hygiene business globally. We will revise our estimates upwards.
01 Mar 2019
FY18 ends on a strong note
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FY18 ends on a strong note
Rentokil Initial plc (RTO:LON) | 425 -6.4 (-0.4%) | Mkt Cap: 10,732m
- Published:
01 Mar 2019 -
Author:
Mohit Rathi -
Pages:
3
Rentokil reported strong FY18 results, surpassing its annual targets of revenue, profitability and free cash flow conversion. All the regions clocked profitable growth, including France which rebounded after a few years. The company seems all set to continue the M&A spree in FY19, across the pest control and hygiene business globally. We will revise our estimates upwards.