MITIE sees 12% boost in profits - graduate jobs

Outsourcing specialist MITIE, which this year launched a graduate leadership programme, has reaped some of the fruits of its labour with a 12% rise in profits.

MITIE, or Management Incentive Through Investment Equity, saw profits leap 12.3% to £47.5 million in the six months to September 30, while revenues rose almost 15% to £918.7 million.

The company has also revealed that efforts to secure more public sector contracts have stepped up a gear as it aims to focus "additional resources and expertise" on areas such as justice, health, education and local government.

The Bristol-based firm has already successfully negotiated contracts within the private sector, including Rolls-Royce, Manchester Airport and the Royal Opera House. It also has a deal in place to provide facilities and energy management for Vodafone in UK and Ireland.

MITIE, which has more than 56,000 full and part time staff, offers services ranging from property management, cleaning, security and maintenance to advice on cutting carbon emissions. Last year, it generated around 55% of its revenues from private sector clients.

Chief executive Ruby McGregor-Smith said: "Overall, market conditions in the medium term remain positive for outsourcing."