Redde Northgate Share News (REDD)

(Sharecast News) - Commercial vehicle rental provider Redde Northgate said on Monday that trading continues to be strong.
In an update ahead of its annual meeting later in the day, the company said that following the good momentum seen in the first two months of FY2022, the business has continued to perform strongly across all segments.

Since its last update on 7 July, the company has signed a number of new, sizeable, multi-year contracts for services from its mobility platform, which will go live in mid calendar year 2022.

"These new contracts draw on products and services from across the group and underline the value of our unique and unrivalled growing mobility solutions platform which we believe can be scaled significantly," it said.

"This early, strong performance and the continued prospects for the group are very encouraging and the board is confident in its strategy to generate further value for all its stakeholders."

Redde Northgate's results for the six months ended 31 October are due in early December.