UK's Restore H1 revenue rises on acquisition growth
UK's Restore H1 revenue rises on acquisition growth
Overview
UK business services provider's H1 2026 revenue up 21% on organic and acquisition-driven growth
Adjusted EPS for H1 2026 rose 24% year-on-year
Company continued share buyback, purchasing £4.6 mln in H1 2026
Outlook
Restore expects FY26 adjusted profit before tax at least in line with market expectations
Company sees ongoing organic and inorganic revenue and profit growth
Restore says recurring revenues and strong cash generation support future growth
Result Drivers
ORGANIC AND ACQUISITION GROWTH - Co said revenue growth was driven by both organic expansion and acquisitions in broadly equal measure
INFORMATION MANAGEMENT PERFORMANCE - Information Management division saw 26% revenue growth, helped by stable storage volumes, inflation-linked pricing, and new project contracts
TECHNOLOGY PROFIT RECOVERY - Technology division doubled operating profit year-on-year, supported by focus on valuable IT recycling markets and improved internal systems
Company press release: ID:nRSb0524Oa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 175.40 mln |
|
H1 EPS |
| GBP 0.04 |
|
H1 Adjusted Pretax Profit |
| GBP 22.30 mln |
|
H1 Net Debt |
| GBP 122.50 mln |
|
H1 Pretax Profit |
| GBP 7.40 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy."
Wall Street's median 12-month price target for Restore PLC is GBp386.50, about 37.1% above its July 27 closing price of GBp282.00
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago
Reuters Recommended Reads
July 27 - UK's Science Group preliminary H1 core revenue falls; expects buyback to exceed £20 mln
July 27 - UK's Quartix Technologies H1 revenue rises on subscription base, price increases
July 27 - UK's RTC Group H1 profit slips on higher costs
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)