Last checked at 29 Sep 2014 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 prior to the end of its financial year on 30 September 2014.
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 Forefront Group Limited which was acquired on 1 August 2014 is proceeding well.
Order flow has been encouraging in all market segments and the Group has continued to experience good cash generation.
Preliminary annual results will be announced on Tuesday 25 November 2014.
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 | Mob: 07980 541 893 or paul.mcmanus@walbrookpr.com |
Bob Huxford | Mob: 07747 635 908 or bob.huxford@walbrookpr.com |
About Renew Holdings plc
Engineering Services, which 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 High Quality Residential and New Build Affordable Housing markets in the South East of England.
For more information please visit the Renew Holdings plc website: www.renewholdings.com