Last checked at 6 Dec 2021 17:01
6 December 2021
Renew Holdings plc
Final Results Revised Date
Renew Holdings plc ("Renew"), the leading Engineering Services Group supporting UK infrastructure, today announces a revised date for the publication of its final results for the full year ended 30 September 2021.
The Company's auditor, KPMG LLP, has requested an additional 48 hours to complete its procedures because of the practical challenges of virtual working in the current pandemic environment. As a result, the Company now expects to announce its final results on 9 December 2021 a short delay to the previously planned date of 7 December 2021.
The Board confirms that the final results are expected to be in line with the trading update provided on 7 September 2021 which said "that the Board now expects the Group's full year results to be materially ahead of current market expectations with adjusted operating profit expected to be no less than £50m."
For further information, please contact:
Renew Holdings plc | www.renewholdings.com |
Paul Scott, Chief Executive Officer | via FTI Consulting |
Sean Wyndham-Quin, Chief Financial Officer | 020 3727 1000 |
Numis Securities Limited (Nominated Adviser and Joint Broker) | 020 7260 1000 |
Stuart Skinner / Kevin Cruickshank | |
Peel Hunt LLP (Joint Broker) | 020 7418 8900 |
Mike Burke / Harry Nicholas / Charles Batten | |
FTI Consulting (Financial PR) | 020 3727 1000 |
Alex Beagley / Sam Macpherson / Rafaella de Freitas | Renew@fticonsulting.com
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About Renew Holdings plc
Renew is a leading UK Engineering Services business, performing a critical role in keeping the nation's infrastructure functioning efficiently and safely. The Group operates through independently branded subsidiaries across its chosen markets, delivering non-discretionary maintenance and renewal tasks through its highly skilled, directly employed workforce.
Renew's activities are focused into two business streams: Specialist Engineering, which accounts for over 90 per cent of the Group's adjusted operating profit, focuses on the key markets of Rail, Infrastructure, Energy (including Nuclear) and Environmental 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 and Science markets in London and the Home Counties.
For more information please visit the Renew Holdings plc website: www.renewholdings.com