Trading Update

Renew Holdings

03/04/2018 07:01

RNS Number : 5279J

Renew Holdings PLC

03 April 2018

 

Renew Holdings plc

("Renew" or the "Group")

 

Trading Update

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces an update on trading in advance of the interim results for the half year ended 31 March 2018.

 

The performance of the Group continues to be strong. Trading for the first half of the year is in line with the Board's expectations and we anticipate reporting an increased forward order book at the interim results.

 

This has been driven by Engineering Services where order flow across our Infrastructure and Environmental sectors has been good.

 

The Group expects to report a modest net debt position at the half year in line with expectations. Our year end net cash forecast remains unchanged.

 

Renew's interim results for the six months ended 31 March 2018 will be announced on Tuesday 22 May 2018.

Enquiries:

Renew Holdings plc
Tel: 0113 281 4200
Paul Scott, Chief Executive
Sean Wyndham-Quin, Group Finance Director
Numis Securities Limited
Tel: 020 7260 1000
Stuart Skinner/ Kevin Cruickshank (Nominated Adviser)
Michael Burke (Corporate Broker)
Walbrook PR
Tel: 020 7933 8780 orrenew@walbrookpr.com
Paul McManus
Mob: 07980 541 893
Nick Rome
Mob: 07748 325 236
Lianne Cawthorne
Mob: 07584 391 303


 

About Renew Holdings plc

 

Engineering Services, which accounts for over 80% of Group revenue and 90% of operating profit, focuses on the key markets of Energy (including Nuclear), Environmental and Infrastructure, 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 market in London and the Home Counties.

 

For more information please visit the Renew Holdings plc website: www.renewholdings.com

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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