Mitie Group plc Is Ready For Winter According to BAC Report01 Dec 2011 • by Natalie Aster
LONDON – In its latest announcement Mitie Group confirmed full trim to snowy winter. Mitie’s snow clearing service enjoys a 60% growth annually since its establishment in 2006.
In December 2010 Mitie’s service teams executed 60000 client orders and cleared about 180000 tons of snow. In this year the teams intend to beat those numbers, and they have already started this year’s fight with show.
All teams are mobilized: full-equipped Land Rovers have enhanced satellite tracking system installed. This “Masternaut” system will help the teams in snow removing works.
Mitie Group shows constant improvement in its operating results. In September 2011 revenue and net income amounted to GBP 971.7 M and GBP 32.9 M respectively; it is a 5.7% and 13.8% increase comparing to March 2011. Annual results also reveal an upward trend, with both indicators constantly improving. Thus, for the last four years revenue and net income added GBP 484.2 M and GBP 20.2 M respectively, and reached GBP 1891.4 M and GBP 65.2 M. An impressive company improvement and prospect can be seen in these numbers.
Founded in 1987 and headquartered in Bristol (UK), Mitie Group is a holding company engages in provision of outsourcing and energy services. Four divisions: Facilities Management, Technical Facilities Management, Property Management, Asset Management. Main company’s market is UK (57%), however it is present in EMEA (31%), Americas (8.6%) and Asia-Pacific (3.4%). Since 1988 the Group trades at London Stock Exchange under the ticker MTO.
Other information on the company’s present activities, services, awards, partners, contracts, financials and competitors can be found in the report “Mitie Group plc Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Mitie Group plc Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Nov, 2011
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