Company: RKLIF
Filing Date: 2025-03-06
Form Type: 6-K
Source: 0001654954-25-002335
Chunk: 17

Company: RENTOKIL INITIAL PLC /FI
Filing Date: 2025-03-06
Form: 6-K
Chunk 17
---
 represented 17% of Group Revenue and 17% of Group Adjusted Operating Profit.

We acquired 12 Hygiene and Wellbeing companies with revenues of c.£50m in the year prior to purchase.

France Workwear

|                    |  2024 
   AER 
    £m | AER    
 Growth |  2024 
   CER 
    £m | CER    
 Growth | Organic 
 Growth  |
| Revenue            |   230 | 4.3%   |   237 | 7.1%   | 7.1%    |
| Operating          
 Profit             |    41 | 9.0%   |    42 | 12.0%  |         |
| Adjusted Operating 
 Profit             |    41 | 5.7%   |    42 | 8.6%   |         |
| Adjusted Operating 
 Margin             | 17.7% | +0.2%  | 17.7% | +0.2%  |         |

| Organic  
 Growth   | Q1   | Q2   | Q3   | Q4   | Full 
 Year |
| France   
 Workwear | 7.7% | 7.4% | 7.4% | 6.1% | 7.1% |

Strong new business sales performance, including account gains and upselling, resulted in another strong contribution from our France Workwear business where Revenue rose by 7.1% to £237m, all from organic growth. Inflation was successfully mitigated with price increases. Adjusted Operating Profit growth increased by 8.6%. Operating Profit was up 9.0% to £41m at AER. The business has benefited from continued strong colleague retention rates.

Continued strength of Bolt-on M&A

We acquired 36 new businesses, comprising 24 in Pest Control and 12 in Hygiene & Wellbeing for a total consideration of £182m, with total revenues of £140m in the year prior to purchase. We added 13 new businesses in North America during the period with £69m revenues acquired, 12 deals in Europe inc. LATAM (revenues of £20m in the year prior to purchase), two deals in the UK &SSA region (revenues of £31m in the year prior to purchase), five deals in Asia and MENAT (revenues of £12m in the