Last checked at 3 Apr 2018 07:00
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 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