Outsourcer Mitie today said that it had doubled its first quarter revenue as the firm’s acquisition of rival Interserve’s facilities management business paid instant dividends.
The
Of that, £110m came from government Covid-19 contracts, the service provider said, a tenfold increase on last year.
Excluding the newly-acquired
Analysts at Jefferies said that the results showed that “integration of the
Shares popped 5.0 per cent on the back of the announcement, which came as Mitie’s AGM kicked off.
In total, the firm renewed or won contracts with a total value of £1.4bn in the period, including a new deal to run facilities management across the
It also renewed its Covid test centres contract with the
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