GreenEarth in the News

1/20/2010

Johnson says results in line with expectations - LAUNDRY & CLEANING NEWS INTERNATIONAL

Johnson says results in line with expectations

Johnson Service Group has said its annual results will be in line with expectations despite the “challenging conditions” within the UK economy.

Its drycleaning division saw only a slight improvement in trading in the second half of 2009. Investment in installing GreenEarth technology in its retail chain continues and the group is encouraged by the revenue growth in the GreenEarth branded stores.

In a trading statement, it said: “Although management action had been taken to reduce costs, profits were lower than in 2008, exacerbated by the very poor weather in December.”

Profits in its textile rental division are also expected to show a “modest increase” over 2008 despite lower revenue.


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