Secret Site Map
Sunday, April 26, 2015

Home News Rentokil Announces 2013 Preliminary Results

Rentokil Announces 2013 Preliminary Results

News Coverage

In 2013, the company’s revenue rose 3.2 percent, driven largely by Rentokil’s North American pest control business.

Brad Harbison | March 5, 2014

On Feb. 28, Rentokil CEO Andy Ransom announced 2013 preliminary results. For 2013, the company’s revenue rose 3.2 percent, driven largely by Rentokil’s North American pest control business.

Ransom also announced that Rentokil is selling Initial Facilities to Interserve Plc (IRV), a provider of cleaning and security services, for $418 million to focus on improving profitability and growth at its pest, hygiene and workwear businesses. “It was clear that this business was not core to Rentokil,” he said. “It’s UK-based and we are focused on expanding into the emerging markets and the US. It also operates at a lower margin point than the rest of our business.”

Ransom noted that Rentokil Pest Control was the company’s lead category, representing 35% of group revenues. It has leading positions in most markets including Europe, Asia and Pacific, and Rentokil will be using pest operations as a vehicle for entering new markets (e.g., emerging  economies of Brazil and Turkey). Ransom added that Rentokil is “looking to capitalize on North American growth opportunity to enhance our national accounts infrastructure.

INTERNATIONALACQUISITION. On March 5, Rentokil Initial announced it bought Chilean pest-control firm Bestway for an undisclosed sum to expand its Latin American business.

"We have been targeting Chile as the next step in our Latin America expansion strategy following acquisitions in Mexico and Brazil, both of which are performing ahead of our expectations," Ransom said.

Bestway had revenue of $18.39 million in 2013, employs 274 people and brings a local management team, led by Chief Executive Gerardo Guzman, into the company, Rentokil said. Bestway is the market leader in hygiene services and the third largest provider of pest control services in Chile, it added.
 

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