Rentokil stock plummets as cuts North America margin outlook - News Summed Up

Rentokil stock plummets as cuts North America margin outlook


In North America, Rentokil said it achieved 2.2% organic revenue growth, while the Europe region, which includes Latin America but not the UK, saw 9.5% growth. In the UK & Sub Saharan Africa division, organic revenue growth totalled 5.2%. Finally, in the Pacific division, organic revenue growth amounted to 7.6%. North America was the organic growth laggard for Rentokil, and the company said the outlook there is tricky. It now predicts a North America adjusted operating margin range of 18.5% to 19.0%, lowered from its 19.5% expectation.


Source: The North Africa Journal October 19, 2023 07:47 UTC



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