Rentokil cleans up thanks to covid
By Matt Hall | 23rd April 2021
Pest control and hygiene business Rentokil has reported a strong first quarter of 2021, helped by the coronavirus pandemic.
Rentokil has revealed an increase in revenues of 13 per cent year-on-year, to £713.6m.
It said the growth was driven by its hygiene division's ongoing revenue growth of 49 per cent, and a revenue contribution of £75.7 million from one-time disinfection services.
The company's pest control arm also saw a return to growth, with ongoing revenue rising 11 per cent in the first quarter. Demand for its rodent extermination services is running more than 6 per cent higher on a like-for-like, year-on-year basis.
And it added that of the seven businesses it had bought this year, six of them were in pest control.
Chief executive Andy Ransom said: "I am very pleased with the performance our colleagues delivered in the first quarter, in particular the growth momentum achieved by our Pest Control business, and we remain confident in delivering further operational and financial progress in 2021."
Rentokil said it expects growth to slow over the coming months, with an unwind of disinfection volumes and lower prices for the second quarter.
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