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MITIE Results

by msecadm4921

The outsourcing company MITIE, whose services include security, has hailed its half-yearly financial report for the six months ended 30 September 2011….

Ruby McGregor-Smith, Chief Executive of MITIE Group PLC, said of the results: “The first half of this year has seen us deliver a strong set of financial results. We have been awarded a number of significant contracts which have enhanced our business. This demonstrates the success of our strategy to invest in our integrated facilities and energy management capability.

Looking ahead, our focus is on developing existing client relationships and maximising opportunities to deliver value in energy services. This will ensure that all of our clients receive great value, high quality services, both in the UK and overseas.

We are mindful of the challenging economic environment. However, the search for greater cost and energy efficiency is central to the strategies of governments and businesses in all our markets – and delivering better quality services, innovation and efficiency lies at the heart of what we do.

With a record order book and a strong pipeline of sales opportunities, I am confident that the group will continue its outstanding track record of sustainable profitable growth.”

The contract firm has pointed to its integrated facilities and energy management capability. In the private sector, it has significantly expanded existing relationships with Diageo and the Cumbrian Collaboration; and in the public sector, we have secured key contracts with Ministry of Justice, Essex County Council and West Midlands Construction Framework. Total potential value of contracts awarded with these five clients ranges between £740m and £1.3billion.

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