Secret Site Map
Friday, December 19, 2014

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

Podcast: Cleveland Dixon on His 'Biggest Mistake'

Dixon, CEO of Holiday Termite & Pest Control, discusses his experiences using a Web design/SEO firm, and the benefits of him taking on these responsibilities himself.

Malden High Schools Collaborate with Yankee Pest Control in Mural Contest

Students from Walden, Mass., area high schools painted murals on the backside of Yankee Pest Control's building for a competition. Yankee generously paid for all of the paint supplies and tarps, and provided pizza and refreshments to all of the students each time they were on site.

Adrian Steel Offers Ladder Racks for Full Size Pickup Trucks

The Load Runner Ladder Rack features 2-inch durable round tubing and square crossbars, removable center and rear crossbars, and welded tie down cleats to ensure safe transportation of ladders.

Alpha Ecological Participates in Downtown Boulder’s Lights of December Parade

The parade featured floats from various local businesses, churches, and civic centers in the Boulder area.

Paraclipse Adds Sales Rep Gaulton

Kay Gaulton is a North American Sales Representative, covering the western hemisphere, as well as the Caribbean and Central and South America.

x