The Terminix acquisition is truly transformational. Add this to a large slug of recurring revenue from long term contracts and it adds up to a resilient business with decent pricing power. Rats need dealing with, no matter what’s happening to inflation or the economy. Rentokil ought to be better placed than most to weather an economic downturn. This underpins group expectations to grow revenues and profit margins strongly over the next few years, despite the gloomy economic environment. Encouraging early progress on the Terminix acquisition has led to increased cost saving targets. Additionally, Rentokil reported excellent progress in the integration of Terminix, raising its cost synergy guidance from £150 million to at least £200 million.Ĭharlie Huggins, Head of Equities at Wealth Clubcomments, “This is a solid performance from Rentokil. Furthermore, the operating margin rose by 45 basis points to reach 15.4%, with the group aiming for margins above 19.0% by the end of the financial year 2025. The company experienced a notable 6.6% growth in organic revenue, alongside a significant 22.7% increase in adjusted operating profit. Rentokil, a leading pest control specialist, has recently unveiled its impressive full year financial results for 2022. Announces Strategic Investment in Auros Global Limited Unsecured Business Loans Market to Reach $12.5 Trillion, Globally, by 2031 at 11.7% CAGR: Allied Market Research Jonathan Steele – SAS UK – MoneyLIVE Summit 2023 Sustainable Bitcoin Protocol partners with BitGo to Launch the First Sustainable Custody Solution for Bitcoin Kora Launches USD Card-Acquiring in Africa Insurtech Insights Europe 2023 Highlights Lexasure Financial Group and Blimobil Announce Proposed Strategic Partnership The Spanish Revolut is called Fazil and now you can invest in its crowdfunding round Andrei Gaman – FintechOS – MoneyLIVE Summit 2023 Aazzur Partners With Financial Services Data Platform Sikoia EXCLUSIVE: “Alternative Realities” – Ron Delnevo in ‘The Fintech Magazine’ BondExchange Launches First Embedded Surety Application Invstr Named Best Social Trading Platform of 2023 by FinTech Breakthrough Awards Ally Names Russell Hutchinson as Chief Financial Officer Interactive Brokers Expected to Raise Interest Rates to USD 4.33% on Instantly Available Cash Bit Digital, Inc.
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