Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, will hold its Annual General Meeting ("AGM") today at the offices of KPMG LLP, 1 The Embankment, Neville Street, Leeds LS1 4DW at 11am.
At the Group's AGM, Roy Harrison OBE, Chairman of Renew, will say the following:
"Trading for the first quarter of the year has been satisfactory. The order book at 31 December 2011 remained strong at £289m (31 Dec 2010: £283m). £197m of the order book is in Engineering Services, an increase of £18m since 30 September 2011.
New awards in Engineering Services include the first contract under the Trunk Mains Cleansing Framework with Northumbrian Water. The project will commence in early February and is valued at over £5m.
Shepley Engineers has also been appointed to a three year framework agreement to provide engineering site support to the National Nuclear Laboratory at Sellafield.
The Group's interim results will be announced on Tuesday 22 May 2012."
Renew is predominantly an Engineering Services business. Thisaccounts for over 60% of on-going Group revenue and over 80% of operating profit and 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. Renew also has a Specialist Building business which focuses on New Build Social Housing, High Quality Residential and Retail markets in the South of England.
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