REG - Restore PLC - Trading update

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RNS Number : 8517D  Restore PLC  12 May 2026

 

12 May 2026

 

Restore plc

 

("Restore" or the "Group" or the "Company")

 

Trading update

 

Restore plc (AIM:RST), the UK's leading provider of secure and sustainable
business services for data, information, communications and assets, provides
the following trading update for the four months ended 30 April 2026 (the
"Period"), ahead of its Annual General Meeting to be held later today.

 

During the Period, trading remained robust. As expected, revenues increased
significantly, reflecting both the contribution from acquisitions completed
during the prior year and organic growth. Organic revenue growth was
particularly strong across digitisation, outbound communications and IT
recycling, while the Group's core document storage business continued to
benefit from the highly stable revenues and earnings. Operating margins
remained strong across each division and in line with our plans.

During the Period, the Group completed three bolt-on acquisitions within its
Datashred division for an aggregate cash consideration of approximately
£3.5m. These comprised Russell Richardson & Sons Limited, Paper Shredding
Services Limited and the trade and assets of RDS Confidential Shredding
Limited.  The Group continues to review a number of further bolt-on
acquisition opportunities.

The £20m share buyback programme announced in March 2026 has been launched
and is progressing to plan.

The Board remains confident that the Group will deliver adjusted profit before
tax for the full year in line with market expectations and remains well
positioned to achieve significant sustained growth.

Restore will publish its results for the six months ended 30 June 2026 on
Tuesday 28 July 2026.

Cautionary Statement: This announcement contains certain statements,
statistics and projections that are or may be forward-looking. The accuracy
and completeness of all such statements, including, without limitation,
statements regarding the future financial position, strategy, projected costs,
plans and objectives for the management of future operations of Restore and
its subsidiaries is not warranted or guaranteed. These statements typically
contain words such as 'intends', 'expects', 'anticipated', 'estimates' and
words of similar import. By their nature, forward-looking statements involve
risk and uncertainty because they relate to events and depend on circumstances
that will occur in the future. Although Restore believes that the
expectations will prove to be correct. There are a number of factors, many of
which are beyond the control of Restore, which could cause actual results and
developments to differ materially from those expressed or implied by such
forward-looking statements.

For further information please contact:

 

 Restore plc                                    www.restoreplc.com (http://www.restoreplc.com/)
 Charles Skinner, CEO                           +44 (0) 207 409 2420
 Dan Baker, CFO

 Chris Fussell, Company Secretary

 Investec (Nominated Adviser and Joint Broker)  www.investec.com (http://www.investec.com/)
 Carlton Nelson                                 44 (0) 207 597 5970
 James Rudd

 Canaccord Genuity (Joint Broker)               www.canaccordgenuity.com (http://www.canaccordgenuity.com/)
 Max Hartley                                    44 (0) 207 523 8000

 Alex Aylen

 FTI Consulting (PR Enquiries)                  www.fticonsulting.com/uk (http://www.fticonsulting.com/uk)
 Nick Hasell                                    +44 (0) 203 727 1340
 Alex Le May

 

 

 

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