Anticipated revenue and profit growth, key focus on 2024 outlook and integration of Terminix
- Rentokil Initial PLC to report 2023 results
- Expected revenue of £5.36 billion, up from £3.71 billion in the previous year
- Anticipated pretax profit of £501.4 million, compared to £296 million in 2022
- Adjusted pretax profit forecasted to increase to £753.3 million
- Shares down 18% over the past 12 months
- Key focus on the company’s outlook for 2024 and integration of Terminix
- Slowdown in pest-services organic revenue growth in North America
- Updates on merger and acquisition activity and spending outlook for 2024
- Possibility of selling French workwear division
Rentokil Initial PLC is set to release its 2023 results, with expected revenue of £5.36 billion, a significant increase from the previous year’s £3.71 billion. The company’s pretax profit is also anticipated to rise to £501.4 million, compared to £296 million in 2022. On an adjusted basis, the pretax profit is forecasted to reach £753.3 million. However, shares have experienced an 18% decline over the past 12 months. Investors will be closely watching the company’s outlook for 2024, particularly the integration of Terminix. Analysts are interested in the company’s plans to protect organic revenue growth, especially after a slowdown in pest-services organic revenue growth in North America. Additionally, Rentokil is expected to provide updates on merger and acquisition activity completed in 2023 and the spending outlook for 2024, which is likely to focus on non-U.S. acquisitions. There is speculation about a potential sale of the French workwear division, considering its strong profit recovery post-Covid.
Factuality Level: 8
Factuality Justification: The article provides specific revenue and profit forecasts for Rentokil Initial PLC for 2023, sourced from FactSet and analysts’ estimates. It also highlights key points to watch for in the upcoming report, such as the company’s outlook for 2024, integration of Terminix, and merger and acquisition activity. The information presented is factual and based on reliable sources, without significant bias or irrelevant details.
Noise Level: 3
Noise Justification: The article provides relevant information about Rentokil Initial PLC’s upcoming report for 2023, including revenue and profit forecasts, key focus areas, and analyst insights. The content is focused and on-topic, supported by data from FactSet and analyst estimates. However, it lacks in-depth analysis, accountability, and actionable insights, which prevents it from scoring higher.
Financial Relevance: Yes
Financial Markets Impacted: Rentokil Initial PLC
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article provides financial information about Rentokil Initial PLC’s upcoming results for 2023. It discusses revenue and profit forecasts, as well as the company’s outlook and potential merger and acquisition activity. There is no mention of any extreme events or their impact.
Public Companies: Rentokil Initial PLC (N/A)
Key People: Michael Susin (Author)
www.marketwatch.com 
