Mitie announces interim results for the year end 30 September 2015

Mitie, the facilities management company which delivers a range of services across the UK, this morning announced its results for the six months ended 30 September 2015.

The FTSE 250 company’s results reflect strong revenue growth up 2.6% to £1,123.1m, of which 2.1% is organic.

In this period Mitie, who employs about 70,000 people across the United Kingdom and Europe, was awarded and retained contracts which include:

· A range of new integrated FM contracts including with Daily Mail Group, Deloitte, a major bank and Thales Group, with a combined total annual value in excess of £50m

· A 100% contract retention rate in integrated FM: retained Rolls-Royce for a further five years, extended Sky for an additional five years and retained RWE Npower

· A new two plus two year contract at all of E.ON’s UK sites delivering 24 hour security personnel

· A new contract with Circle Housing to provide response repairs and maintenance services to 6,500 properties in London

Ruby McGregor-Smith CBE, Chief Executive of MITIE Group PLC

Ruby McGregor-Smith CBE, Chief Executive of Mitie, commented:

“Mitie has had a positive start to the year. Our focus on the services sector, primarily in facilities management, will ensure we continue our long-term track record of sustainable profitable growth.

“We are the market leader in integrated FM and are particularly pleased with recent contract awards and retentions. This gives us confidence we will deliver a good full-year performance.”

Mitie Website