Johnson Service improves margins but warns of softer hospitality demand
Johnson Service Group ($JSG) increased first-half adjusted operating profit by 3.8% to £29.8 million despite revenue edging up just 0.2% to £258 million. Its adjusted operating margin improved to 11.6% from 11.1%, supported by efficiency measures, cost discipline and lower energy costs. Statutory pre-tax profit rose 4.5% to £20.8 million, and the interim dividend increased 12.5% to 1.8 pence per share. Trading was uneven: workwear revenue grew, while the hospitality-focused business faced weaker
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