The company surpassed our estimates as well as market consensus in Q3. Pest control remained the star performer, once again supported by the Hygiene business, whereas Protect and Enhance continued to drag. Despite reporting a strong quarter for the North America Pest Control business, the company needs to do more to meet its 2020 revenue target. In the UK, CMA announced its provisional finding against the Cannon acquisition. We have revised our estimates slightly upwards. No change in the sto
23 Oct 2018
Better than expected Q3
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Better than expected Q3
Rentokil Initial plc (RTO:LON) | 472 -3.8 (-0.2%) | Mkt Cap: 11,908m
- Published:
23 Oct 2018 -
Author:
Ankush Kathuria -
Pages:
3
The company surpassed our estimates as well as market consensus in Q3. Pest control remained the star performer, once again supported by the Hygiene business, whereas Protect and Enhance continued to drag. Despite reporting a strong quarter for the North America Pest Control business, the company needs to do more to meet its 2020 revenue target. In the UK, CMA announced its provisional finding against the Cannon acquisition. We have revised our estimates slightly upwards. No change in the sto