Even-though Rentokil reported upbeat full-year (FY17) results, on a quarterly basis both Pest Control and Hygiene businesses (forming the centrepiece of management’s ‘The Right Way’ strategy) registered the weakest growth in past four quarters. Although, the entry of Terminix in the US commercial pest control market poses a threat to Rentokil’s biggest revenue-generating region, we believe that the fragmented nature of the market will provide enough space for both the
28 Mar 2018
Story behind robust FY17 results
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Story behind robust FY17 results
Rentokil Initial plc (RTO:LON) | 425 -7.6 (-0.4%) | Mkt Cap: 10,724m
- Published:
28 Mar 2018 -
Author:
Ankush Kathuria -
Pages:
3
Even-though Rentokil reported upbeat full-year (FY17) results, on a quarterly basis both Pest Control and Hygiene businesses (forming the centrepiece of management’s ‘The Right Way’ strategy) registered the weakest growth in past four quarters. Although, the entry of Terminix in the US commercial pest control market poses a threat to Rentokil’s biggest revenue-generating region, we believe that the fragmented nature of the market will provide enough space for both the