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Johnson Service stays on track for 2026 margin target despite weak UK and Irish hospitality market.

Market News
10 Jul 2026
Proactive Investors
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Bullish
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Johnson Service Group reported stable first-half revenue of about £258 million, with growth in its Workwear division offsetting a decline in its Horeca business serving hotels and restaurants. Despite a 0.7% organic revenue drop, tight cost control and capital investment helped improve margins. The company’s energy hedging provides cost visibility through 2027, and it remains confident in achieving an adjusted operating margin of at least 14% for 2026, despite challenges in hospitality. Net debt rose to £190 million due to dividends, capital expenditure, working capital changes, and a £55 million share buyback.

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