Servicing members, Rentokil reported another jump in revenue following an excellent performance from the pest control company.
Rentokil said the majority of its regions had performed well in the period, reflecting good performances in the UK, Asia, Pacific, Latin America, and North America. Chief executive Andy Ransom said:
"I am pleased with our performance in the third quarter. Pest Control grew organically by almost 6%, reflecting good performances in Asia, Pacific, Latin America, the UK and our key growth market of North America. I am also encouraged by ongoing traction in our Hygiene business which delivered organic growth of 3.2%. Our guidance for the full year is unchanged."
Looking at the figures
- Revenue was up 32.1% to £578.3-million, or 15.7% higher at constant exchange rates
- Ongoing operations were up 33.1% to £576.7-million, or 16.6% at constant exchange rates
- 3.1% was organic growth, versus 2.5% in the first half, and 13.5% was from acquisitions
Rentokil bought 13 businesses in the quarter, including ten in pest-control, as well as the acquisition of Residex, a pest control, and turf products distribution business.
Source: BPCA.org.uk