Last checked at 1 Oct 2013 07:00
Renew Holdings plc
("Renew" or the "Group")
Trading Update
Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces an update on trading following the end of its financial year on 30 September 2013.
Trading during the second half of the financial year has been pleasing and the Board expects that results will be in line with market expectations for the year. Initial integration of Lewis Civil Engineering Limited which was acquired on 9 August 2013 has gone well.
Order flow has been encouraging in all market segments.
The Board confirms that the Group will record a net cash position as at 30 September 2013.
Preliminary annual results will be announced on Tuesday 26 November 2013.
Enquiries:
Renew Holdings plc | Tel: 0113 281 4200 |
Brian May, Chief Executive | |
John Samuel, Group Finance Director | |
Numis Securities Limited | Tel: 020 7260 1000 |
Stuart Skinner (Nominated Adviser) | |
James Serjeant (Corporate Broker) | |
Walbrook PR | Tel: 020 7933 8780 |
Paul McManus (Media Relations) | Mob: 07980 541 893 or paul.mcmanus@walbrookpr.com |
Paul Cornelius (Investor Relations) | Mob: 07827 879 496 or paul.cornelius@walbrookir.com |
About Renew Holdings plc
Engineering Services, which now accounts for over 70% of Group revenue and 80% 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 New Build Affordable Housing and High Quality Residential markets in the South of England.
For more information please visit the Renew Holdings plc website: www.renewholdings.com