Rentokil Initial Says Trading Performance In North America In July And August Was Lower Than Anticipated

Author: Benzinga Newsdesk | September 11, 2024 06:38am

Rentokil Initial plc provides the following update on current trading and the outlook for FY 24.
 
●    North America Organic Revenue growth now anticipated to be c.1% in H2 24
●    North America operating profit also being impacted by higher sales, service and other costs
●    FY 24 North America Adjusted Operating Profit margin now anticipated to be c.17.2% and Group Adjusted Operating Profit margin* to be c.15.5%
●    Rest of Group continues to perform well
●    At current exchange rates, additional FY 24 currency headwind of c.£10m
●    FY 24 Group Adjusted PBTA now expected to be c.£700m

Posted In: RTO