REG - Renew Holdings PLC - AGM Statement

Renew HoldingsAnnouncement

26/01/2022 07:05

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RNS Number : 6008Z  Renew Holdings PLC  26 January 2022

26 January 2022

 

 

Renew Holdings plc

 

("Renew" or the "Group" or the "Company")

 

AGM Statement

Renew (AIM: RNWH), the leading Engineering Services Group supporting the
maintenance and renewal of critical UK infrastructure, will hold its Annual
General Meeting at 11am today. David Forbes, Chairman, will open the meeting
with the following remarks:

"Trading for the first quarter of the year has continued in line with the
Board's expectations. The Group order book at 31 December 2021 was £742m (31
December 2020: £677m). The Engineering Services order book stood at £687m
(31 December 2020: £583m). Net debt and cash generation are also in line with
the Board's expectations."

A further trading update for the six months ending 31 March 2022 will be given
on 1 April 2022.

For further information, please contact:

 

 Renew Holdings plc                                                 www.renewholdings.com (http://www.renewholdings.com/)
 Paul Scott, Chief Executive Officer                                via FTI Consulting

 Sean Wyndham-Quin, Chief Financial Officer                         020 3727 1000

 Numis Securities Limited (Nominated Adviser & Broker)              020 7260 1000

 Stuart Skinner / Kevin Cruickshank

 Peel Hunt LLP (Joint Broker)

 Mike Burke / Harry Nicholas / Charles Batten                       020 7418 8900

 FTI Consulting (Financial PR)                                      020 3727 1000

 Alex Beagley / Tom Hufton / Sam Macpherson / Rafaella de Freitas   Renew@fticonsulting.com (mailto:Renew@fticonsulting.com)

 

About Renew Holdings plc

 

Renew Holdings Group plc is a leading UK Engineering Services business,
performing a critical role in keeping the nation's infrastructure functioning
efficiently and safely. The Group operates through independently branded
subsidiaries across its chosen markets, delivering non-discretionary
maintenance and renewal tasks through its highly skilled, directly employed
workforce.

 

Renew's activities are focused into two business streams. Engineering
Services, which accounts for over 95 per cent of the Group's adjusted
operating profit, focuses on the key markets of Rail, Infrastructure, Energy
(including Nuclear) and Environmental which are largely governed by regulation
and benefit from non-discretionary spend with long-term visibility of
committed funding.

 

Specialist Building focuses on the High Quality Residential and Science
markets in London and the Home Counties.

 

For more information please visit the Renew Holdings plc
website: www.renewholdings.com (http://www.renewholdings.com/)

 

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