Growth slows for pest-control firm Rentokil following acquisition boom Pest-control firm Rentokil posted nearly two per cent of revenue growth this morning to £722m. Pest Control delivered organic growth of 5.5 per cent in the first quarter with all regions in positive growth. Ongoing Revenue in the Growth and Emerging markets grew by 10.9 per cent and 13.6 per cent respectively. Customer retention was [...]
Rentokil revenue grows despite disinfection demand slowing Rentokil revenue grows despite disinfection demand slowing Pest control and hygiene firm Rentokil Initial revenue grew over the past three months thanks to recent acquisition. The Camberley-based company reported revenue jumped 0.5 per cent to £761.9m for the third quarter of 2021. Shares dropped almost two per cent on Thursday morning, although the business said it had seen a strong performance across [...]
Pest control-to-cleaning giant Rentokil lifts growth targets amid booming demand Pest control-to-cleaning firm Rentokil Initial has upped its growth targets and announced plans to expand its hygiene arm amid booming demand during the pandemic. The group hiked sales and earnings goals, lifting its organic medium-term revenue growth target to between 4 per cent and 5 per cent up from 3 per cent to 4 per [...]
Rentokil’s shares soar as it ups dividend by a third following strong performance July 29, 2021 Pest control and hygiene group Rentokil Initial reported a strong performance today in its 2021 interim results, and announced they will increase dividends by over a third. The British company will up dividend payments by 38 per cent to 2.09p per share, raising the amount payable to shareholders to £38.9m on 13 September. Proving services [...]
Hygiene surge boosts ratcatchers Rentokil March 4, 2021 Rentokil said that it had boosted profit 5.4 per cent across the full year thanks to huge growth in its hygiene business amid the coronavirus pandemic. Across the year, ongoing operating profit rose to £383.8m, up from £365.5m the year before. Revenue also increased 5.0 per cent to £2.8bn. Despite the impressive performance, shares in [...]
Rentokil boosts revenue on disinfection sales during pandemic October 22, 2020 Rentokil’s revenue climbed almost 10 per cent in the third quarter, after strong demand for its hygiene and disinfection services helped offset a slump in pest control sales, and boosted its full-year outlook. The figures The Camberley-based ratcatchers saw ongoing group revenue climb 9.8 per cent to £754.6m in the third quarter. The group said [...]
Rentokil extends buying spree after record revenue growth February 27, 2020 Rentokil posted its highest level of revenue growth in fifteen years in 2019 as the pest control service continued its expansion around the world. The figures The Camberley-based ratcatchers posted full year organic revenue growth of 4.5 per cent, reaching £2.7bn in 2019. Profit before tax recorded double-digit growth, increasing to £340.9m, up 10.7 per [...]
Rentokil buyout of Mitie pest control business given green light by regulator August 22, 2019 Rentokil’s bid to hive off parts of its newly-acquired pest control business from Mitie so as to assuage competition concerns has been accepted by regulators. The Competition and Markets Authority (CMA) has given the deal its blessing, as long as Rentokil sells the majority of the majority of the business that used to be called [...]
Rentokil set to continue acquisition spree while organic growth continues April 18, 2019 Pest control expert Rentokil Initial said this morning it is planning to continue an acquisition-heavy strategy and is likely to spend between £200m and £250m on takeovers this year. The firm showed 4.9 per cent growth from takeovers in the first three months of the year, while organic revenue grew at four per cent. Read [...]
Competition watchdog expresses concern over Rentokil and Mitie merger April 12, 2019 The UK's Competition and Markets Authority (CMA) has warned Rentokil Initial it may have to investigate the company after its completed takeover of Mitie's pest control arm has severely reduced competition in the sector. The competition watchdog has given Rentokil a deadline of April 23 to outline how it will address concerns that prices could [...]