Johnson Service Group PLC (JSVGF) Q2 2025 Earnings Call Transcript

Peter Egan
Chairman of Management Board, CEO, Executive Director and Director of Health, Safety & Environment

So good morning, everyone. So Yvonne and myself will take you through the operational and financial results for H1. So I’ll start with some highlights on the operational side. Organically, organic growth in HORECA 1.4% and in Workwear 1.3%, respectively, details of which we’ll go through in a few moments. Volumes, we mentioned earlier in July that a slightly slow start to the season and things began to pick up from July onwards, and that was maintained throughout the summer period to date. Crawley, pleased with Crawley.

The site has opened earlier in the year. We started production clearly. We’ve moved work in, continue to move that work in from our current estate and new business won continues to move into that site as well. Workwear retention, pleased with the workwear retention levels at 94%, almost back to historic levels of 95%. Energy costs continue to improve, albeit remain slightly elevated. And as a reminder, we forward purchase on our energy. Yvonne will go through that in detail in slides to come. From an investment perspective, we continue to invest in productivity and improvements and innovations where we can. We’ve invested over the last number of years in workwear and our workwear facilities and then some of our flatwork facilities that I’ll touch upon in capital

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