Mitie makes positive start to the year with a growing order book

Suzie Neuwirth
OUTSOURCING firm Mitie yesterday said that it has “made a positive start to the year” and expects to achieve “good levels of organic growth” in the coming twelve months.
The FTSE 250-listed company, which offers facilities, people and energy management services to businesses, has won a number of new contracts in the private and public sector this year, including a £38m three-year deal with restaurant and pub operator Mitchells & Butlers, a £6m technical facilities management and lighting contract with the Greater London Authority and a £4m three-year expansion of its technical facilities work with Transport for London.
As of 30 June, Mitie had already secured 89 per cent of budgeted revenues for this financial year, compared to 87 per cent on the same date last year.
“The financial year has started well and we have a growing order book as well as a strong pipeline of sales opportunities,” said Mitie.
“We are positive about the range of outsourcing opportunities across our key markets.” Shares closed 0.9 per cent lower.