Johnson Service forecasts 2026 margin of at least 14% amid mixed divisional results

Johnson Service Group announced first-half 2026 revenue of £258 million, up 0.2% from the prior year. The UK textile rental company saw mixed performance across its business segments.

The company's adjusted pretax profit for the six-month period came in at £25.30 million, and its adjusted operating margin improved thanks to operational efficiencies and cost-control measures.

Revenue from the workwear division grew, supported by steady volumes and price increases passed on to customers. In the HORECA segment—covering hotels, restaurants, and catering—revenue fell as subdued volumes and increased customer churn took a toll.

Energy costs represented a smaller share of revenue in the period, aided by the company's hedging approach and fixed-price agreements.

Johnson Service is advancing its £55 million share buyback program, which was about 51% completed as of August 2026.

Looking to full-year 2026, Johnson Service expects an adjusted operating margin of at least 14%. Management anticipates that softer trading conditions in HORECA will persist for the rest of the year.

The workwear business is expected to benefit from stable volumes and customer price increases through the remainder of 2026.

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