IN BRIEF: Renew expects full-year results to beat expectations

Mon, 02nd Oct 2023 09:34

Renew Holdings PLC - Leeds, England-based engineering services group - Expects revenue for the financial year ended September 30 to be ahead of market expectations of GBP927.9 million, up from GBP849.0 million in financial 2022. Anticipates adjusted operating profit to exceed consensus of GBP62.3 million, rising from GBP58.8 million a year ago. Looking ahead, says it is well positioned to benefit from the UK's "committed infrastructure spend".

Current stock price: 726.24 pence, up 1.9% on Monday

12-month change: up 24%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Related Shares

More News

Today 12:56

Renew Holdings reports another record trading performance

(Sharecast News) - Engineering services group Renew Holdings reported another record trading performance in its half-year results on Tuesday, with rev...

Today 11:47

Renew increases interim dividend after "record" trading performance

(Alliance News) - Renew Holdings PLC on Tuesday reported improved sales and profitability during the first half of its current financial year.

7 May 2024 15:52

UK earnings, trading statements calendar - next 7 days

7 May 2024 09:51

LONDON BROKER RATINGS: AstraZeneca target raised; Antofagasta lowered

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Friday:

9 Apr 2024 10:01

Renew buys Route One for GBP5 million to boost highways offering

(Alliance News) - Renew Holdings PLC on Tuesday said it has acquired specialist engineering business Route One Holdings Ltd for GBP5.0 million.