Join our community of smart investors

Rentokil braced for tougher second quarter

With revenue growth slowing in March, the pest control and hygiene specialist expects a more significant impact from Covid-19 ahead
April 16, 2020

Rentokil’s (RTO) ongoing revenue rose 7.2 per cent at constant currencies to £631m in the first three months of the year. But a “marked impact” from the Covid-19 pandemic saw year-on-year revenue growth slow to 4.4 per cent in March. The group is guiding to greater pressure in the second quarter.

IC TIP: Buy at 406p
This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in