Johnson Service Group up on year-end update

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Johnson Service Group up on year-end update
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AIM-listed textile services provider Johnson Service Group (LON:JSG) saw its share price climb by 1.61% to 202p (as of 14:15 GMT) as it provided a pre-close update for the year ended 31st December. The plan to open up a new facility in Leeds in on track.

CEO Peter Egan commented: “This has been a strong trading period despite the general uncertainty in the UK economy. We have achieved consistent organic growth and, with this latest acquisition in the South East, are expanding into a new geographical area where we are currently under represented for servicing our high volume linen customers.

“We are delighted that 2020 will see the opening of the new plant in Leeds providing further capacity and are confident that with these new geographies, our established client base and operational expertise, we will continue to deliver future organic growth“.

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