Last checked at 22 May 2017 07:00
22 May 2017
Restore plc
AGM Statement
At the Annual General Meeting of Restore plc ("Restore" or "the Group"), to be held later today at Cenkos, 6-8 Tokenhouse Yard, London EC2R 7AS, the Chairman, Sir William Wells, will make the following statement:
"I am pleased to report that 2017 trading has started well across the Group, with the benefits of the acquisition of PHS Data Solutions in August 2016 being delivered in line with expectations.
Our Document Management division, including our core records management business, is trading well, with Restore Datashred and Restore Scan benefiting from their greater scale following the successful integration of the PHS scanning and shredding activities.
The performance of Harrow Green, the core business within our Relocation division, is in line with expectations. IT Efficient, our IT recycling business, is steadily integrating ITAD Works acquired in February 2017, while ITP, our toner cartridge recycling business, is showing improvement following its poor performance in 2016.
The year has started well and we look forward to delivering another year of strong progress in 2017."
For further information please contact:
Restore plc
Charles Skinner Tel: 07966 234 075
Adam Councell Tel: 07860 402 434
Cenkos Securities
Nicholas Wells Tel: 020 7397 8900
Elizabeth Bowman
FTI Consulting
Nick Hasell Tel: 020 3727 1340
Alex Le May