Outsourcing specialist confident it will hit expectations for full-year results

Outsourcing specialist Mitie has released an optimistic trading update and is confident it will hit expectations for full year results.

The firm said it had a 鈥済ood start鈥� to the second half of its financial year, and had successfully expanded existing contracts and secured new work across all of its divisions. The quarter had been 鈥減articularly good鈥� in the facilities management division, with new contracts from the financial services, utilities and transport sectors, it said.

It said it was seeing a 鈥渉igh level of opportunities鈥� in the facilities and property management area, and had seen no further deterioration in new-build and fit-out markets. However, it added it was yet to see sustained recovery in this part of its business.

It added the coming calendar year would provide 鈥渃onsiderable opportunities鈥� for it, with private sector clients consolidating contracts to get cost and carbon efficiencies. It said: 鈥淲e also expect the public sector to increase levels of outsourcing in response to budgetary pressures although the timing of such activity is currently difficult to predict.鈥�

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