H1 15 revenue at constant FX grew 4.5% to £886.1m bolstered by the strong performance of the Pest Control segment (£367.2m, +9.6%) across all geographies. The appreciation of sterling against the euro dragged down the reported revenue to £855.3m (+0.1%), slightly ahead of the consensus estimate of £846m. The Hygiene business also picked up, growing 2.3% on the back of product launches supporting positive growth in all regions – UK&Ireland: 3.7%, France: 1.3%
31 Jul 2015
Pest strength offsets drag from Workwear and euro depreciation
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Pest strength offsets drag from Workwear and euro depreciation
Rentokil Initial plc (RTO:LON) | 421 41.2 2.4% | Mkt Cap: 10,625m
- Published:
31 Jul 2015 -
Author:
Vibha Issar -
Pages:
3
H1 15 revenue at constant FX grew 4.5% to £886.1m bolstered by the strong performance of the Pest Control segment (£367.2m, +9.6%) across all geographies. The appreciation of sterling against the euro dragged down the reported revenue to £855.3m (+0.1%), slightly ahead of the consensus estimate of £846m. The Hygiene business also picked up, growing 2.3% on the back of product launches supporting positive growth in all regions – UK&Ireland: 3.7%, France: 1.3%