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Mitie’s FM division has announced strong organic growth

Posted on 29 January 2013.

Mitie’s FM division has announced strong organic growth in its latest interim statement.

At the end of Q2 (30 September 2012), 98 per cent of budgeted revenues for the financial year had been acquired. The company has reported strong growth, with expectations of continued growth into Q4, thanks to a series of contract wins and extensions.

In January 2013, Mitie secured a £30 million repairs deal with Hammersmith and Fulham council in London, while in November 2012 it won two FM contracts worth over £200 million in total, with Golding Homes housing association in Kent and BSkyB.

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