UK's Rentokil Initial H1 revenue rises 6.7%

Rentokil Initial

30/07/2026 07:22

Overview
UK pest control and hygiene firm's H1 revenue rose 6.7%, with organic growth of 3.6%
Adjusted operating profit for H1 up 6.6%, basic EPS rose 8.3% yr/yr
Company expects FY 2026 profit in line with current market expectations

Outlook
Rentokil Initial expects FY 2026 profit in line with current market expectations
Company sees some weakness in North America Residential lead flow into July
Company retires North America margin target of 20% in 2027, prioritising volume growth

Result Drivers
NORTH AMERICA INITIATIVES - Co said investments in more branches, regional brands and digital tools in North America drove improved residential lead flow and solid revenue growth
COST EFFICIENCY PROGRAMME - Co said cost efficiency initiatives in North America delivered $45m in gross savings and helped improve operating margins
INTERNATIONAL DEMAND - Co said international organic revenue growth accelerated in Q2, with strong demand and pricing in the UK, Southern Europe, Indonesia and India

Company press release: ID:nRSd4542Oa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Pretax Profit
 
$263 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Rentokil Initial PLC is GBp540.00, about 21.8% above its July 29 closing price of GBp443.30
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)