REG - Renew Holdings PLC - AGM Statement

Renew HoldingsAnnouncement

01/02/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230201:nRSA4946Oa&default-theme=true

RNS Number : 4946O  Renew Holdings PLC  01 February 2023

1 February 2023

 

 

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 Brown, 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
2022 was £861m (31 December 2021: £742m). The Engineering Services order
book stood at £758m (31 December 2021: £687m)."

"We are pleased with the momentum within the Group. This, combined with the
structural growth drivers in our regulated infrastructure markets, give us
confidence in the year ahead."

A further trading update for the six months ending 31 March 2023 will be
given on 3 April 2023.

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 & Joint 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 / Sam Macpherson / Rafaella de Freitas              Renew@fticonsulting.com (mailto:Renew@fticonsulting.com)

About Renew Holdings plc

Renew 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, Landmark 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/)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGMUAORROBUAOUR