A strong set of Q1 results from Rentokil. The top-line was led by a sound organic performance (a resilient Pest Control business and improved Hygiene proposition) and the continued M&A activity by the company. The strong momentum should continue throughout the year. We will tweak our estimates slightly but the stock recommendation might remain unchanged.
19 Apr 2019
The strong momentum continues in Q1
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The strong momentum continues in Q1
Rentokil Initial plc (RTO:LON) | 421 41.2 2.4% | Mkt Cap: 10,625m
- Published:
19 Apr 2019 -
Author:
Mohit Rathi -
Pages:
3
A strong set of Q1 results from Rentokil. The top-line was led by a sound organic performance (a resilient Pest Control business and improved Hygiene proposition) and the continued M&A activity by the company. The strong momentum should continue throughout the year. We will tweak our estimates slightly but the stock recommendation might remain unchanged.