Mitie has reported £930 million of revenue in Q1, a 104 per cent rise on last year.
The multi-service provider has accrued £110m from COVID-19 contracts from the UK government in Q1.
The former Interserve business reported revenue of £312m for the first quarter of the year. Mitie says Interserve’s integration is “progressing well” and hopes to move to “business as usual” by December 2021.
Revenue in its business services division was up 47 per cent from last year, accruing £357m due to its COVID contracts from the government.
In its technical services division Mitie reported revenue of £204m, a 28 per cent rise from the same time last year. It had won £28m from renewed contracts with the City of Edinburgh Council and Network Rail.
The specialist services division, comprising of Mitie’s care and custody, waste and landscapes businesses, reported revenue of £57m for the quarter, 10 per cent ahead of the prior year.
Mitie says its board has “considerable confidence” in the second half and delivery of its full year expectations.
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