Johnson, Runcorn linen giant, ups revenue to £465m

Runcorn-based workwear and textile firm Johnson Service Group (JSG) said its total revenue for 2023 increased 20.6% to £465.3 million and profit before taxation rose to £37.6 million from £30.3 million in 2022.

Full year dividend rises to 2.8p from 2.4p.

Johnson Service Group CEO Peter Egan said: “We are pleased to report a strong performance for the year, demonstrating the resilience of our business model against a backdrop of macroeconomic pressures, the strength of our relationships with our customers and business suppliers and the hard work of our employees.

During the year, significant investment has been made across the business with the improvement of existing sites, a new build to support future growth and the acquisitions of Regency and Celtic Linen. 

“We remain focused on organic growth initiatives, optimising operational efficiencies and continuing to expand our geographical coverage through the successful execution of our strong M&A pipeline.

 “2024 has started positively, with a larger business operating in an expanded geography.  Our scale, expertise, operational excellence and strong balance sheet will allow the business to capitalise on future opportunities.

Given the encouraging start to the year, the board expects adjusted operating profit for the year to be in line with current market expectations.”