3 Apr 2017 07:00
Â
Â
Renew Holdings plc
("Renew" or the "Group")
Â
Trading Update
Â
Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces an update on trading in advance of the interim results for the half year ended 31 March 2017.
Â
Trading for the first half of the year is ahead of the comparative position last year and in line with the Board's expectations.
Â
As previously indicated, as a result of the acquisition of Giffen Holdings Ltd in October 2016, the Board anticipates reporting a modest net debt position when it announces Renew's interim results on Tuesday 23 May 2017. The Board expects to report a net cash position as at 30 September 2017.
Enquiries:
Renew Holdings plc | Tel: 0113 281 4200 |
Paul Scott, Chief Executive | Â |
John Samuel, Group Finance Director | Â |
 |  |
Numis Securities Limited | Tel: 020 7260 1000 |
Stuart Skinner/Kevin Cruickshank (Nominated Adviser) | Â |
Michael Burke (Corporate Broker) | Â |
 |  |
Walbrook PR | Tel: 020 7933 8780 or renew@walbrookpr.com |
Lianne Cawthorne (Media Relations) | Tel: 07584 391 303 or lianne.cawthorne@walbrookpr.com |
Paul McManus (Media Relations) | Mob: 07980 541 893 or paul.mcmanus@walbrookpr.com |
Â
Â
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
Â