Secret Site Map
Tuesday, March 03, 2015

Home News Rentokil Initial 3Q Pretax Profit More Than Doubles

Rentokil Initial 3Q Pretax Profit More Than Doubles

Business

Rentokil Initial said it will focus on a growth strategy after reporting that third-quarter pretax profit more than doubled, boosted by progress in its turnaround business and the stronger euro.

| November 10, 2009

LONDON - Rentokil Initial said it will focus on a growth strategy after reporting that third-quarter pretax profit more than doubled, boosted by progress in its turnaround business and the stronger euro.

The company said that, in the fourth quarter, it would continue to focus on delivering service, cutting costs and generating cash amid continuing difficult trading conditions.

Analysts said that Rentokil's figures were better than expected and the lower expected losses in its troubled parcels business City Link were welcome.

Rentokil is undergoing a three- to five-year restructuring process after the performance of its City Link business sparked several profit warnings and a change of management.

According to Rentokil Third Quarter Trading Report, the company’s UK Pest Control’s turnaround is “gathering momentum, but still much to do:”

  • State of service now 99.9%
  • Client retention 76% in August and September – highest rate since Q1 2008
  • Q3 sales from SME contracts - highest level since Q1 2008
  • Improvements in sales and service colleague retention Group strategic plan updated during the quarter – focus on growth agenda and ‘Programme Olympic’, a series of initiatives targeting industry-leading service quality and the reduction of administration and overhead costs across the group
     

Top news

Rollins Acquires Critter Control

Critter Control is 100% franchised with 114 franchises operating in 40 states and two Canadian provinces. It is the largest wildlife control company in the United States.

Protect-A-Bed Releases New Bed Bug Testing Kit

The new LightsOut Lab-In-A-Bag Efficacy Kit is now available to assist the pest management industry.

Ecolab Releases 2014 Q4 Results

The company said its fourth-quarter earnings rose 17%. Ecolab CEO Doug Baker said the company’s U.S. pest business “has been steadily improving” due to a number of investments in that business starting two years ago.

More 2014 Angie’s List Award Winners Announced

Angie’s List recently announced the following companies as 2014 Super Service Award winners: Arizona Pest Control, Tucson, Ariz.; Braman Termite and Pest Elimination, Agawam, Mass.; Inspect-All, Conyers, Ga.; and Gannon Pest Control, Solvay, N.Y.

Gerbils, Not Rats, May Have Caused Black Death

Black rats may not have been to blame for numerous outbreaks of the bubonic plague across Europe, a new study suggests.

x