Renew Holdings Regulatory News (RNWH)

29 Mar 2007 07:01

Renew Holdings PLC29 March 2007 Renew Holdings plc('Renew' or the 'Group') Trading Update Ahead of its interim results for the half year ended 31 March 2007, which willbe reported on Tuesday 22 May 2007, Renew is providing the following update ontrading. As reported at the time of the AGM on 24 January 2007, the Group's strategy offocusing on specialist markets is securing a higher quality of work. The Boardis pleased to announce that this positive progress has continued throughout thefirst half. The Group's Specialist Engineering activities have seen better organic growththan expected with margins maintained at target levels. The Specialist Buildingactivities have enjoyed improved margins on similar levels of turnover to lastyear. The Group's cash position has also continued to improve. The Board looks forward to reporting on further progress at the time of the interim results announcement. 29 March 2007 Enquiries: Renew Holdings plc Tel: 020 7522 3200Brian May, Chief ExecutiveJohn Samuel, Group Finance Director College Hill Tel: 020 7457 2020Mark GarrawayMatthew Gregorowski This information is provided by RNS The company news service from the London Stock Exchange