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Companies

Third quarter sales jump at Rentokil Initial

mmBy Simon King2 November 2022No Comments1 Min Read
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Rentokil Initial saw “continued momentum” across the group in the third quarter, with revenues up double-digits year-on-year.

The group said ongoing and total revenues were both up 18.9% at £900.9 million and £901.3m, respectively.

Sales from disinfection services were £3.6m, or £8.6m lower than in the year-prior period.

Chief executive Andy Ransom also noted it had “continued to successfully manage inflationary pressures” and maintained its full-year outlook for the underlying business.

Mr Ransom said: “This has been another good quarter for Rentokil Initial. Supported by the essential nature of our services and ability to offset cost inflation through pricing, we continue to deliver both good growth and profitability, while retaining high levels of customer and colleague retention.”

He added: “We are delighted to have closed the Terminix transaction in October and we extend our thanks to everyone who helped us reach this milestone. We have hit the ground running in execution of our integration plans to capture the strategic and financial benefits of the deal.”

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Simon King

With more than 25 years' experience in business-to-business publishing, Simon is editor of LBM titles Pest and OvertheCounter. Big fan of Manchester United.

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