OUTSOURCING company
The company announced the target in a full-year trading update. It also said it expects to report an operating profit of £200m, up 23 per cent. The company said it's aiming to report an operating profit margin of 4.5 per cent for the full year.
The group completed seven strategic acquisitions for a combined consideration of £65m in the year.
Based on the trading update, it looks as if the firm is set to outperform even the most optimistic expectations for 2024. Peel Hunt analyst
Mitie also announced a £50m share buyback programme, starting immediately.
Shares closed up 6.63 per cent.
(c) 2024 City A.M., source