Guarding

MITIE results

by Mark Rowe

The contract services company MITIE announced its results for the six months to September 30, 2013.

The FTSE 250 company employs 70,000 people across the UK and Europe. Ruby McGregor-Smith CBE, Chief Executive of MITIE Group PLC, said: “The first half of the year has seen strong operational and financial performance for MITIE. We continue to identify new opportunities with both existing and new clients in all of our key markets.

“The successful re-positioning of the business means we are in a stronger and better position than ever to deliver higher growth and maintain strong margins. We look ahead with confidence.”

In this period the FM firm was awarded new contracts which include:

· A new five year £50m contract for engineering maintenance for a care provider
· A three year £38m contract to provide cleaning and waste services at 1,600 Mitchells & Butlers restaurants throughout the UK
· An initial £30m contract with Southampton City Council to deliver energy efficiency works to over 2,100 properties across Southampton, under the government’s Green Deal and Energy Company Obligation (ECO) schemes
· A new three year £5m contract to provide facilities management services to Kellogg’s UK and European head offices in Manchester and Dublin, as well as specialist hygiene services to their manufacturing plant in Wrexham.

For more about MITIE’s results visit www.mitie.com/investors

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