Mitie continues with good trading momentum

The FM provider has released its latest trading update for the three-month period ended 30 June 2024 (Q1 FY25), which reports growth in revenue of 10.5% to £1,164m compared with the same quarter last year (Q1 FY24: £1,053m).
Mitie says this “good performance” was driven by the contribution from prior year acquisitions, an increase in projects and variable work, and pricing, which more than offset net contract losses and the completion of certain short-term public sector c