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Prices & Quotes - UK Markets - Rentokil Initial (RTO)

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Share Price:
Up 520.40p
Change Today:
1.60p
Market Cap:
9,676m
Sector:
Support Services

Rentokil results to beat expectations

By Sean Farrell

Date: Friday 08 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Rentokil International said annual results would be slightly better than expectations but warned the outlook was uncertain because of uncertainty over one-off disinfection sales.
The FTSE 100 company said fourth-quarter trading was strong at its pest control and hygiene divisions, mainly because of high demand for one-off disinfections during the Covid-19 crisis.

"We now expect the final outcome for the year to be slightly above the top end of the range of current market expectations for adjusted PBTA [profit before tax and amortisation]," Rentokil said. The current analyst consensus is for PBTA between 292m and 337m.

Rentokil said it had a limited view of how demand would hold up for disinfection services. It also said the pound's recent rise, surging Covid-19 infections and country lockdowns clouded the outlook.

The company said it had bought Environmental Pest Service (EPS), a commercial and residential pest control company based in Tampa, Florida, for an undisclosed price. EPS has annualised revenue of about $82m (60m).

Rentokil said it bought eight pest control companies in North America during the fourth quarter with $62m of annualised revenue. The company spent 180m on 23 businesses in the year to the end of December with 150m spent in the second half. The figures exclude EPS which Rentokil paid for at the start of 2021.

Andy Ransom, Rentokil's chief executive, said: "Despite the impact of Covid-19 on our business in 2020, we have exited the year in a strong position, with the trading momentum of Q3 continuing throughout Q4 and with an excellent overall delivery of M&A, which significantly accelerated as the year drew to a close."

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RTO Market Data

Currency UK Pounds
Price 520.40p
Change Today 1.60p
52 Week High 571.00p
52 Week Low 409.60p
Volume 2,926,382
Shares Issued 1,859.33m
Market Cap 9,676m

Performance Indicators

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What The Brokers Say

Strong Buy 12
Buy 3
Neutral 2
Sell 0
Strong Sell 2
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RTO Dividends

  Latest Previous
  Final Interim
Ex-Div 08-Apr-21 08-Aug-19
Paid 19-May-21 11-Sep-19
Amount 5.41p 1.51p

Trades for 16-Apr-2021

Time Volume / Share Price
16:44 29,578 @ 522.01p
16:44 95,630 @ 522.01p
16:44 7,020 @ 522.01p
16:35 1,121,776 @ 520.40p
16:29 9,573 @ 519.53p

RTO Key Personnel

CEO Andy M. Ransom
Chair Richard Solomons
CFO Stuart Ingall- Tombs