LONDON (Alliance News) - Engineering services company Renew Holdings PLC on Monday said its results for the financial year to the end of September are set to meet market expectations.
Renew, which provides engineering services to energy, infrastructure and nuclear markets, said it anticipates revenue and operating profit will grow year-on-year, while its operating margin will also expand.
The company also expects to have moved to a net cash position, having reported net debt of GBP4.8 million at the end of September 2015.
Renew will announced its annual results on November 22.
The stock was down 0.7% at 365.25 pence Monday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Renew Holdings (RNWH)