Johnson Service Group plc (LON:JSG) has said it expects its full-year results for 2018 to be ‘slightly’ ahead of current market expectations.
In a statement to be delivered at today’s annual general meeting, the AIM-listed firm’s chairman, Paul Moody, said: “Following substantial growth in 2017, year to date trading has been strong reflecting both an encouraging underlying performance together with the benefit of acquisitions over the last twelve months.”
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The UK textile services provider also announced that Paul Moody will resign from his position as non-executive chairman and will leave the group on August 3.
The current senior independent director Bill Shannon will take over as non-executive chairman from August 3, and, in the meantime, the company said it will commence a search for a new non-executive director who has the relevant experience to assist in the further development of the group’s strategy.
Paul Moody said: “Under Chris Sander’s leadership, the business has performed spectacularly well.”
He added: “The strategy that he and the Board have defined is clear and will continue to drive strong operational and financial performance.”