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Company Announcements

Trading Update and Notice of Results

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By LSE RNS

RNS Number : 3036S
Renew Holdings PLC
02 October 2017
 

Renew Holdings plc

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

 

Trading Update and Notice of Results

 

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces a trading update ahead of its annual results for the financial year ended 30 September 2017 which will be announced on Tuesday 21 November 2017.

 

The Board expects the Group to report results for the year to 30 September 2017 in line with market expectations, delivering an increase in operating margin alongside growth in both revenue and operating profit. The Board also expects to report that the Group has moved to a net cash position.

 

Enquiries:

Renew Holdings plc

Tel: 0113 281 4200

Paul Scott, Chief Executive


John Samuel, 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 or renew@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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