Johnson Service Group PLC

Johnson Service Group shares fell around 8.9% after a preliminary trading update showing organic growth of -0.7% in the first half. The main driver was the revenue‑strong Horeca segment, whose revenues declined by 2% and represented a reversal compared with the prior year. The adjusted operating margin is well behind management’s target of at least 14%, forcing investors to reassess the recovery in the UK hospitality sector and the company’s margin outlook. The full half‑year results are expected in September 2026. » Más en de.investing.com

Johnson Service Group has launched a share buyback programme of up to £55.0m and has given Investec an irrevocable mandate to purchase ordinary shares. Buybacks begin immediately and will run no later than 1 March 2027; all shares acquired are to be cancelled. The programme follows prior buybacks since 2022 (£90.3m) and will be financed under the refinanced £175.0m revolving credit facility. Purchases will be made on the open market and announced in accordance with the FCA Listing Rules and UK and EU regulations. » Más en de.investing.com

Johnson Service Group reported an adjusted operating margin of 13.5% for 2025 and an adjusted operating profit of £72.5m on revenue up 4.3% to £535.4m; management confirmed a target of at least 14.0% for 2026. Despite marked profitability improvements, the stock fell about 10.4% to 129 GBP after the release, as investors fear volume risks in the HORECA segment and macroeconomic uncertainties. Net debt rose to £112.4m mainly due to share buybacks, a final dividend of 3.2 pence was proposed, and the company stressed continued investment in efficiency and sustainability. » Más en de.investing.com