Johnson Service Group

JSG · Main Market · Industrial Goods and Services · mcap £486m · 137.9p

JSG rents and launders table linen and uniforms for hotels and restaurants (HORECA) and rents workwear to businesses. It runs its own laundries and delivery network across the UK.

Financials · LTM to 31 Dec 24

Source: results 04 Mar 25 ↗

Revenue: £513m
Operating profit: £54.7m
Net income: £35.6m
Free cash flow: £85.0m
Net debt: £68.6m
Market cap: £493m
EV / EBIT: 10.3×
FCF yield: +17.3%
Price / book: 1.6×

Latest half-year · H1 24 vs H1 23 results 11 Sep 24 ↗

Revenue: £244m
Operating profit: £22.4m
Net income: £13.8m
Cash from operations: £57.4m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: FY 24 (twelve months to 31 Dec 24), published 04 Mar 25 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	FY 24	FY 23
Revenue	513.4	465.3
Adjusted EBITDA	152.6	131.5
Adjusted operating profit	62.3	50.5
Exceptional / adjusting items	(0.4)	(1.6)
Operating profit	54.7	43.6
Amortisation	7.9	5.7
Share-based payments	1.5	1.0
Finance costs	(7.5)	(6.0)
Profit before tax	47.2	37.6
Tax	(11.7)	(10.4)
Net income (owners)	35.6	27.3
Discontinued operations	0.1	0.1
EPS basic	8.5p	6.4p
EPS diluted	8.4p	6.4p
Dividend per share	4.0p	2.8p

	H2 24	H1 24	H2 23	H1 23
Revenue	269.3	244.1	250.3	215.0
Adjusted EBITDA	83.4	69.2	73.8	57.7
Adjusted operating profit	37.1	25.2	31.5	19.0
Exceptional / adjusting items	(0.4)	0.0	(1.3)	(0.3)
Operating profit	32.3	22.4	27.5	16.1
Share-based payments	0.9	0.6	0.7	0.3
Finance costs	(3.8)	(3.7)	(3.4)	(2.6)
Profit before tax	28.5	18.7	24.1	13.5
Tax	(6.8)	(4.9)	(6.9)	(3.5)
Net income (owners)	21.8	13.8	17.3	10.0
Discontinued operations	0.1	0.0	0.1	0.0
EPS basic	5.2p	3.3p	4.1p	2.3p
EPS diluted	5.1p	3.3p	4.1p	2.3p
Dividend per share	2.7p	1.3p	1.9p	0.9p

	FY 24	FY 23
Cash from operations	141.8	121.4
Interest paid	(7.5)	(5.7)
Tax paid	(2.7)	(1.6)
Capex (PP&E)	(44.5)	(31.1)
Capex (intangibles)	(6.0)	–
Lease principal paid	(6.3)	(7.6)
Dividends paid	(13.3)	(10.6)
Share buybacks	–	(29.9)
Shares issued	0.6	–

	H2 24	H1 24	H2 23	H1 23
Cash from operations	84.4	57.4	71.3	50.1
Interest paid	(3.7)	(3.8)	(3.4)	(2.3)
Tax paid	(1.6)	(1.1)	0.0	(1.6)
Capex (PP&E)	(14.7)	(29.8)	(18.2)	(12.9)
Lease principal paid	(3.0)	(3.3)	(4.7)	(2.9)
Dividends paid	(5.4)	(7.9)	(3.8)	(6.8)
Share buybacks	–	0.0	(10.1)	(19.8)

	FY 24	FY 23
Goodwill	153.6	144.4
Other intangibles	29.0	19.1
Property, plant & equipment	160.0	134.5
Inventories	2.3	1.9
Trade receivables	82.4	83.3
Cash	11.5	9.6
Current assets	–	98.7
Trade payables	94.3	92.8
Borrowings, current	8.9	8.3
Lease liabilities, current	6.2	5.5
Current liabilities	–	112.6
Borrowings, non-current	71.2	63.0
Lease liabilities, non-current	40.8	37.7
Total equity	306.9	279.1
Net cash / (debt) ex leases	–	(61.7)
Net cash / (debt) incl. leases	(115.6)	(104.9)
Undrawn facilities	120.0	–

	H2 24	H1 24	H2 23	H1 23
Goodwill	153.6	144.2	144.4	137.0
Other intangibles	29.0	15.8	19.1	9.5
Property, plant & equipment	160.0	154.5	134.5	122.4
Inventories	2.3	2.5	1.9	2.2
Trade receivables	82.4	85.4	83.3	74.2
Cash	11.5	10.0	9.6	6.0
Current assets	–	100.7	98.7	88.3
Trade payables	94.3	87.6	92.8	85.0
Borrowings, current	8.9	3.1	8.3	6.7
Lease liabilities, current	6.2	5.8	5.5	5.1
Current liabilities	–	101.0	112.6	103.3
Borrowings, non-current	71.2	81.0	63.0	39.8
Lease liabilities, non-current	40.8	37.8	37.7	38.1
Total equity	306.9	288.7	279.1	269.1
Net cash / (debt) ex leases	–	(74.1)	(61.7)	–
Net cash / (debt) incl. leases	(115.6)	(117.7)	(104.9)	–
Undrawn facilities	120.0	–	–	–

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.