Johnson Service's full-year results to be ahead of expectations

Johnson Service Group said on Tuesday that its full-year 2016 results are set to be slightly ahead of expectations.

The company, which provides textile-related services, said in a pre-close trading statement that it expects to deliver “another strong result” for the first half of the year thanks to an encouraging underlying performance and the benefit of acquisitions over the last twelve months.

“The recent acquisitions of Zip, Afonwen and Chester are trading as expected and the integration into the wider Textile Rental business is successfully underway,” Johnson said.

The company added that it remains on target to return to gearing of not more than 2x by the end of the first quarter of 2017.

At 1240 BST, shares were down 0.3% to 88.50p.