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Trading statements

Berendsen on course

27 April 2017 07:55

Berendsen's trading in first quarter to the end of March was in line with management expectations.

The group said underlying revenue, at constant exchange rates and before acquisitions, grew by 3% compared to the prior year.

It said solid underlying revenue growth in Continental Europe more than offset an expected decline in each of the UK textile businesses.

Reported revenue, including the impact of foreign exchange and acquisitions, grew by over 10%.

The group also announced that chief financial officer Kevin Quinn intended to retire from the company on 26 April 2018.

Berendsen said that Quinn would continue as a member of the board and as CFO until his successor had been appointed.

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