2 Oct 2017 07:00
Renew Holdings plc
("Renew" or the "Group" or the "Company")
Trading Update and Notice of Results
Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces a trading update ahead of its annual results for the financial year ended 30 September 2017 which will be announced on Tuesday 21 November 2017.
The Board expects the Group to report results for the year to 30 September 2017 in line with market expectations, delivering an increase in operating margin alongside growth in both revenue and operating profit. The Board also expects to report that the Group has moved to a net cash position.
Enquiries:
Renew Holdings plc | Tel: 0113 281 4200 | ||
Paul Scott, Chief Executive | |||
John Samuel, Group Finance Director | |||
Numis Securities Limited | Tel: 020 7260 1000 | ||
Stuart Skinner/ Kevin Cruickshank (Nominated Adviser) | |||
Michael Burke (Corporate Broker) | |||
Walbrook PR | Tel: 020 7933 8780 or renew@walbrookpr.com | ||
Paul McManus | Mob: 07980 541 893 | ||
Nick Rome | Mob: 07748 325 236 | ||
Lianne Cawthorne | Mob: 07584 391 303 | ||
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
Renew Holdings (RNWH)