It has issued a trading update ahead of its preliminary results which are due to be announced on March 11.
The Group has enjoyed a good second half in which cash generation remains strong and which has seen a net reduction in debt.
Acquisitions and disposals in the second half of 2003 have “refocused the Group’s activities and enhanced its position in its major markets”.
The acquisition of Johnson Workplace Management in October 2003 had established the Group’s presence in the growth sector of facilities of management and would allow it to build good business here for the future.
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