LONDON (dpa-AFX) - MITIE Group Plc (MTO.L), the strategic outsourcing company, said it has made a positive start to the year, and is well placed to achieve good levels of organic growth in the current financial year, mainly in its facilities management division, in line with the company's view. At June 30, 2013, 89% of budgeted revenues for this fiscal year had already been secured.
In the private sector, the sales pipeline remains buoyant and the Group has been awarded and retained work across a range of markets and sectors. In the public sector, MITIE remains focused on the health, justice, local authority and social housing markets.
In addition, MITIE said Terry Morgan would step down as a Non-Executive Director of the board on October 31, 2013.
Looking ahead, the company stated: 'The financial year has started well and we have a growing order book as well as a strong pipeline of sales opportunities. We are positive about the range of outsourcing opportunities across our key markets and confident that we will continue to build on our long track record of sustainable profitable growth.'
Copyright RTT News/dpa-AFX
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