For details on how to contact our editorial and commercial departments, click here
Mitie Group, which employs thousands of North of England workers, could look at health and energy sectors
AN outsourcing firm, which employs thousands of workers in the North of England, says it will target the healthcare and energy markets after unveiling strong financial results.
Mitie Group, which provides property and energy management, says it has bolstered its position after securing a number of contracts, including a £38m three-year waste deal with pub and restaurant operator, Mitchells and Butler, and a security contract with BAE worth up to £10m.
The firm, which employs more than 15,000 workers across the North of England, says the contracts will allow it to look at more acquisitions, particularly in health and energy, despite earlier this year revealing it could cut hundreds of jobs.
The company, which has a cleaning deal with cinema chain Cineworld, previously said it couldn't reveal how many jobs were at risk, but said hundreds and not thousands of workers would be affected.
In May, Mitie revealed operating profits had increased to £122m, with pre-tax profits rising to £111m, though its mechanical and electrical engineering contracts division lost £3.1m.
A report on the company's latest trading results said: “The financial year has started well and we have a growing order book.
“We are positive about the range of outsourcing opportunities across our key markets and confident we will build on our long track record of profit growth.
“Our strong balance sheet continues to provide us with capacity for the development of the business, particularly creating acquisitions within the healthcare and energy sectors.”
Comments are closed on this article.