In March Johnson Service Group (JSG) shared their 2024 end of year results reporting a strong FY24 performance and that they are well placed for continued growth and margin improvement in FY25.

Their total revenue increased by 10.3 per cent to £513.4m with an operating profit up 23.4 per cent to £62.3m. Their organic revenue in HORECA increased 5.6 per cent and they report stable revenue in workwear. Their proposed full year dividend is up 42.9 per cent to 4.0p from 2.8p in 2023, reflecting confidence in future.

Operational highlights for 2024 include their £20.6 million acquisition of Empire Linen Services Limited (‘Empire’) expanding luxury hotels services with a further £44.6 million of capital investment across the estate. In general, HORECA (hotels, restaurants and catering) volumes are increasing with expansion of the number of hotel rooms and JSG’s workwear part of the business shows high customer retention rates of 93 per cent.

The board remains confident about delivering another year of progress and an improving margin in 2025. Peter Egan, CEO of Johnson Service Group, commented:

“We are delighted to report that our HORECA business delivered increased volumes during the year, whilst workwear customer retention rates continued to increase.

“In line with our inorganic growth strategy, we continue to seek out and acquire earnings enhancing businesses which complement our existing geographic coverage. We also continue to invest in our estate to drive production efficiencies, organic growth and support our high levels of customer service.

“Our scale, expertise and operational excellence mean that we are well placed to capitalise on opportunities and, accordingly, the board remains confident about delivering another year of progress in 2025.”

JSG’s Crawley site processes the increased      volumes of HORECA business