Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Berendsen    BRSN   GB00B0F99717

BERENDSEN (BRSN)
Mes dernières consult.
Most popular
Report
Delayed Quote. Delayed  - 09/11 08:30:00 am
1268 GBp   --.--%
09/12 BERENDSEN : Form 8.5 (EPT/RI) - Berendsen Plc Amendment
09/11 BERENDSEN : Form 8.3 - BRSN LN/ELIS FP
09/11 P. SCHOENFELD A : Form 8.3 - Elis SA
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Berendsen : profit slips as challenging UK conditions persist

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/26/2017 | 09:23am CET

Berendsen Plc (>> Berendsen), the British laundry services group which is to be bought by French peer Elis SA (>> Elis), said first-half profit fell 5.6 percent, as challenging conditions across the UK squeezed margins.

Berendsen Plc (>> Berendsen), the British laundry services group which is to be bought by French peer Elis SA (>> Elis), said first-half profit fell 5.6 percent, as challenging conditions across the UK squeezed margins.

The workwear and hygiene company said operating margin shrunk to 11.5 percent in the first half ended June 30, from 13.2 percent a year earlier.

Berendsen has been trying to improve margins by reorganising its business and installing new processes and controls to improve operations in parts of its domestic business.

Berendsen said its core workwear brand, which launders uniforms for professionals such as doctors and fire-fighters, saw underlying revenue growth of 3 percent with growth in Europe offseting a decline in the UK.

Revenue grew 7.8 percent to 575.1 million pounds in the period, helped by growth across all its units - workwear, facility, healthcare and hospitality.

The company also forecast adjusted operating profit of about 150 million pounds for 2017. In comparison, profit last year was 161 million pounds.

The company's pretax profit fell to 56.8 million pounds ($74 million) in the six months, from 60.2 million pounds a year ago.

Elis managed to finally win Berendsen's support for its takeover plans in June, after increasing its bid by 6.4 percent to value the group at 2.2 billion pounds.

(Reporting by Justin George Varghese and Esha Vaish in Bengaluru; Editing by Sunil Nair)

Stocks treated in this article : Berendsen, Elis
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BERENDSEN
10/10 BERENDSEN : White & Case Advises the Bank Syndicate on Elis Convertible Bonds Is..
09/12 BERENDSEN : Form 8.5 (EPT/RI) - Berendsen Plc Amendment
09/11 BERENDSEN : Form 8.3 - BRSN LN/ELIS FP
09/11 P. SCHOENFELD ASSET MANAGEMENT LLP : Form 8.3 - Elis SA
09/11 OZ MANAGEMENT LP : Form 8.3 - Berendsen plc
09/11 BERENDSEN : Form 8.5 (EPT/NON-RI) Berendsen Plc
09/11 BERENDSEN : Form 8.3 - Elis SA
09/11 BERENDSEN : Form 8.5 (EPT/RI) Berendsen Plc
09/11 BERENDSEN : Form 8.5 (Berendsen Plc)
09/11 BERENDSEN : Form 8.5 (EPT/RI) - Berendsen Plc
More news
Financials ( GBP)
Chart BERENDSEN
Duration : Period :
Berendsen Technical Analysis Chart | BRSN | GB00B0F99717 | 4-Traders
Technical analysis trends BERENDSEN
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
 
Mean consensus
Number of Analysts
Average target price -
Spread / Average Target -100%
EPS Revisions
Managers
NameTitle
James Drummond Chief Executive Officer & Executive Director
Iain G. T. Ferguson Non-Executive Chairman
Kevin Quinn CFO, Executive Director & Head-Public Relations
David Soutar Lowden Senior Independent Non-Executive Director
Andrew Richard Wood Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
BERENDSEN45.66%0
CINTAS CORPORATION36.73%16 721
UNITED RENTALS, INC.53.80%13 854
VANTIV INC25.39%13 084
ALLIANCE DATA SYSTEMS CORPORATION1.99%12 928
BUREAU VERITAS23.03%11 850