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Mitie reporting: attracting new long-term investors

Mitie’s 2024 annual report communicates its new three-year plan, “From Facilities Management to Facilities Transformation”, setting out how Mitie is anticipating changing customers’ needs for their built environments; reduced carbon footprint; higher levels of assurance for security and cleanliness; and hybrid working.

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Mitie’s 2024 annual report communicates its new three-year plan, “From Facilities Management to Facilities Transformation”, setting out how Mitie is anticipating changing customers’ needs for their built environments; reduced carbon footprint; higher levels of assurance for security and cleanliness; and hybrid working.

The market’s reaction has been supportive, with the share price rising by more than 20%. The company has seen a step change in the level of investor interest in Mitie, both in the UK and overseas, and has added a number of new high-quality long-term investors to its share register.

 
Old targets met; new targets set

The plan is set alongside ambitious new financial targets for the period, intended to drive growth and shareholder returns.

 

 
Changing customer needs

The changing customer needs that have shaped the new plan are presented with links to how Mitie has responded, supported by macro-trends.

 

Smart solutions

Descriptions of Mitie’s core capabilities include links to customer needs and growth drivers; market size, position and competitors; and differentiating factors, supplemented by project spotlights.  

 

Robust risk disclosure

Reporting on individual risks is comprehensive going beyond impact and mitigation to include risk appetite and velocity, as well as future plans.

 

Progress against ESG targets

The detail of Mitie’s sector-leading commitment to ESG is presented in a standalone ESG report, published on the same day as the annual report.

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