Mitie reports 鈥渂uoyant鈥� private sector market
Support services firm Mitie has secured 87% of its budgeted revenue for this financial year already.
In a statement to the city the firm said that since between 1 April and 30 June it had secured 87% of the revenue it expected to make this year, up from 85% of revenue secured over the same period last year.
Analysts forecast the firm to earn 拢2.14bn in revenue this year.
The firm said its private sector pipeline remained 鈥渂uoyant鈥� with big wins such as its 拢775m partnership with Lloyds Banking Group to provide facilities management across its portfolio. While it鈥檚 public sector work remained at a 鈥渟teady flow鈥�.
In a statement the firm said: 鈥淭he financial year has started well, despite a backdrop of continued global economic uncertainty and challenging conditions in certain of our cyclical markets.鈥�
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