LONDON (ShareCast) - (Sharecast News) - Johnson Service Group said in an update on Thursday that it expects revenue for the six months ended 30 June to have risen 5.5% year-on-year to £257.6m, with continued growth in both its hotels, restaurants and catering (HoReCa) and workwear divisions.
The AIM-traded company also confirmed that its planned transfer from AIM to the London Stock Exchange's Main Market was expected to complete on 1 August.

Revenue from the HoReCa segment increased to £185.4m from £172.9m, while workwear rose to £72.2m from £71.2m.

On an organic basis, group revenue was up 1.4%.

JSG said it was satisfied with first-half margins, adding that it remained on track to meet its target of at least 14% by 2026.

Although the hospitality sector experienced a slower-than-expected start to the summer, JSG noted a recent pickup in volumes.

Workwear volumes remained stable, supported by strong installations in June and improving retention rates.

The group said it was closely managing costs ahead of the peak summer period.

Bank debt at the end of June stood at £99m, including £16.8m related to the ongoing share buyback programme.

As of 9 July, JSG said it had returned £23m of the £30m earmarked for repurchases.

It said it expected debt to decline in the second half, assuming no further large-scale capital outflows.

The board said it remained confident in its outlook, stating that 2025 was on track to deliver further progress in both revenue and margin.

JSG also provided an update on its planned move to the Main Market.

Subject to regulatory approval, the company said it expected its shares to be admitted to the FCA's Official List and begin trading on the Main Market at 0800 BST on 1 August.

Trading on AIM would be cancelled simultaneously, with the final day of AIM trading set for 31 July.

The company said it did not intend to raise new capital or issue shares in connection with the move.

At 1206 BST, shares in Johnson Service Group were down 6.65% at 143.2p.

Reporting by Josh White for Sharecast.com.

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