Last checked at 25 Jan 2017 07:00
Renew Holdings plc
("Renew", "Group" or the "Company")
AGM Statement
Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, will hold its Annual General Meeting at 11am today. Roy Harrison OBE, Chairman of Renew, will open the meeting with the following remarks:
"Trading for the first quarter of the year has been in line with the Board's expectations.
Following the acquisition of Giffen in November 2016, integration with our Amco Rail business is proceeding well.
The Group order book at 31 December 2016 was £523m (31 Dec 2015: £515m). The Engineering Services order book stood at £431m (31 Dec 2015: £413m).
Cash generation in the first quarter has been good. The Board expects the Group to report a net cash position by the end of the financial year.
A further trading update will be given in a pre-close announcement on 3 April 2017 prior to the announcement of the interim results on Tuesday 23 May 2017."
Enquiries:
Renew Holdings plc | Tel: 0113 281 4200 | ||
Paul Scott, Chief Executive |
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John Samuel, Group Finance Director |
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Numis Securities Limited | Tel: 020 7260 1000 | ||
Stuart Skinner/ Kevin Cruickshank (Nominated Adviser) |
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Michael Burke (Corporate Broker) |
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Walbrook PR | Tel: 020 7933 8780 or renew@walbrookpr.com | ||
Paul McManus | Mob: 07980 541 893 | ||
Nick Rome | Mob: 07748 325 236 | ||
Lianne Cawthorne | Mob: 07584 391 303 | ||
About Renew Holdings plc
Engineering Services, which accounts for over 80% of Group revenue and 90% of operating profit, 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.
Specialist Building focuses on the High Quality Residential market in London and the Home Counties.
For more information please visit the Renew Holdings plc website: www.renewholdings.com