Renew Holdings PLC Trading Update (3534U)
April 01 2019 - 2:00AM
UK Regulatory
TIDMRNWH
RNS Number : 3534U
Renew Holdings PLC
01 April 2019
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 2019.
Group trading in the period was ahead of the previous financial
year and in-line with forecasts. The Board remains confident in
achieving its expectations for the full year. Trading in the
Engineering Services division has been strong whilst Specialist
Building activities have reduced, as expected, due to our continued
approach to contract selectivity.
The Group net debt position at the half year is in-line with the
Board's expectations and the year-end net debt forecast remains
unchanged. The Group's order book continues to be underpinned by
long-term framework positions, including new awards during the
first half of the year, and is expected to be in-line with that
reported at our AGM in January.
Renew's interim results for the six months ended 31 March 2019
will be announced on Tuesday 21 May 2019.
Enquiries:
Renew Holdings plc Tel: 0113 281 4200
Paul Scott, CEO
Sean Wyndham-Quin, CFO
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 85% of Group
revenue and 95% 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 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 or visit www.rns.com.
END
TSTSESFEAFUSEFD
(END) Dow Jones Newswires
April 01, 2019 02:00 ET (06:00 GMT)
Renew (LSE:RNWH)
Historical Stock Chart
From May 2024 to Jun 2024
Renew (LSE:RNWH)
Historical Stock Chart
From Jun 2023 to Jun 2024