Secret Site Map
Monday, April 27, 2015

Home News Rentokil Plans New Measures

Rentokil Plans New Measures

The company plans to cut more costs and improve its customer services this year as it targets "modest" revenue growth in 2010 through acquisitions in developing markets.

Wall Street Journal | February 22, 2010

LONDON - Rentokil Initial announced last week that it plans to cut more costs and improve its customer services this year as it targets "modest" revenue growth in 2010 through acquisitions in developing markets, including the Middle East, China and India.

The U.K.-based pest control and cleaning specialist, which is in the middle of a major restructuring program, said pretax profit rose 68% in the fourth quarter due to higher sales and cost cutting, and it also cut its debt levels and boosted cash flow.

Fourth-quarter pretax profit before amortization and impairment of intangibles and one-off items at actual exchange rates was GBP 61.8 million, while revenue rose 2.6% to GBP 647.6 million. Full-year pretax profit rose 54% to GBP166.5 million.

Rentokil’s net profit for 2009 more than doubled to GBP 47.6 million from GBP 18.8 million. The company doesn’t report quarterly net profit figures.

Click here to read the entire article.

Source: WSJ


 

Top news

Missy Henriksen, PPMA Executive Director, Resigns

The trade association veteran is headed to an allied industry: the National Association of Landscape Professionals. There she’ll be charged with creating the equivalent of the Professional Pest Management Alliance for landscape industry professionals.

Gene White Named Rentokil NA Technical Director

White, who joined Rentokil in May 2013, is now responsible for technical support for North America, including Canada and Mexico.

ESA Announces New ACEs and BCEs for March/April 2015

The Entomological Society of America announced that 22 industry professionals recently earned BCE or ACE credentials.

Cleveland Association Recognizes Hank Althaus with Tom Evans Award

The Greater Cleveland Pest Control Association (GCPCA) recognized Hank Althaus, president of Cincinnati-based Scherzinger Pest Control, with the Tom Evans Award at the association's annual awards banquet.

Loyal Termite & Pest Control Wins 'Reader's Choice' Award

The company was recognized by Richmond Magazine for the fifth straight year.

x