Renew Holdings PLC - Leeds, England-based engineering services group - Says trading in its first financial half to March 31 is in line with revised expectations. Trading in the energy and infrastructure sectors remains resilient, the company says. "In environmental, activity levels in water remain ahead of expectations, and we continue to forecast strong momentum through the transition to the new control period, AMP8, which commences today."
Renew says it expects to meet full-year expectations, noting that analyst consensus for adjusted revenue for the financial year ending September 30 is GBP1.12 billion, up 5.7% from GBP1.06 billion a year ago. The consensus for adjusted operating profit is GBP72.0 million, up 1.6% from GBP70.9 million a year ago.
Renew will release results for the six months that ended on Monday on May 13.
Current stock price: 678.45 pence each, up 2.5% midday Tuesday in London
12-month change: down 26%
By Tom Budszus, Alliance News slot editor
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Renew Holdings (RNWH)
