Mitie says first half results will up on 2008 despite challenging conditions in housing and fit-out markets

Mitie’s first half results will be ahead of 2008 despite project delays in its housing and fit-out markets.

The services company said that revenue for the first half of the year would be ‘marginally' ahead of last year.

Mitie said its asset management and property management divisions had experienced “challenging conditions” in the downturn, but said its FM division had showed strong growth in the first half.

Mitie said the integration of Dalkia Technical Facilities Management had gone well since it was acquired in August.

Excluding the impact of DTFM, MITIE said it was expected to grow by up to 10% in 2009/10. It predicted particularly strong growth in the second half of the year.

Mitie said it was confident of the outlook and said it was keen to take advantage of opportunities in the environmental sector.

The firm’s half-year results will be announced in November.

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