Last checked at 28 Mar 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 ahead of the interim results for the half year ended 31 March 2014.
Trading for the first half of the year has been strong and well ahead of the comparative position last year, in line with the Board's expectations. Performance is being driven by growth in all of our Engineering Services markets but particularly so in Infrastructure where our Rail business is continuing to experience record levels of activity. Specialist Building is performing in line with expectations.
The Board also anticipates reporting an increased forward order book and strong cash generation.
Renew's interim results for the six months ended 31 March 2014 will be announced on Tuesday 20 May 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 or renew@walbrookpr.com |
Paul McManus | Mob: 07980 541 893 |
Bob Huxford | Mob: 07747 635 908 |
About Renew Holdings plc
Engineering Services, which now accounts for over 70% of Group revenue and 85% 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 of England.
For more information please visit the Renew Holdings plc website: www.renewholdings.com