The group says it is making progress, despite the financial impact of an unpredictable drycleaning sector, down 2.7% on a like-for-like basis.
Eight acquisitions will strengthen its position in higher growth and long term contractual business-to-business markets.
Corporatewear is performing strongly with important sales wins and the potential for attracting new customers both in the UK and Europe. Organic growth, excluding acquisitions, was 10%.
Facilities management won significant contracts and is showing good organic growth.
The rental division’s revenue increased by 13% (7% excluding acquisitions). Apparelmaster halted the decline of the past four years, as organic growth rose by 2%.
Total revenue went up by 4% following the acquisition of customer contracts from four small competitors who were leaving the market.
Stalbridge Linen, the clear market leader in the premium hotel, catering and corporate hospitality sector, increased revenues by 28%.
Commenting on the results, chairman Simon Sherrard said: “Our corporatewear and facilities management businesses are performing well in growth markets and conditions in the workwear rental sector are improving.”
