AGM Statement

RNS Number : 3408D

Renew Holdings PLC

28 January 2015

 



28 January 2015

Renew Holdings plc

("Renew" or the "Group")

AGM Statement

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, will hold its Annual General Meeting at 11am today. Roy Harrison OBE, Chairman of Renew, will open the meeting with the following remarks:

"Trading for the first quarter of the year has been satisfactory and in line with expectations.

In the Energy market, I am pleased to report that our participation in the Multi Discipline Site Works framework has been extended by Sellafield Ltd for two years until 9 January 2017. This is our principal framework at Sellafield which focuses on Production Operations support.

The Group order book at 31 December 2014 has increased by 19% to £449m (31 Dec 2013: £376m). The Engineering Services order book stood at £369m (31 Dec 2013: £306m), an increase of 21% over the comparative position last year.

Cash generation in the first quarter has been good.

These factors confirm the Board's confidence in the Group's future financial performance. A further trading update will be given in a pre-close announcement in early April 2015 prior to the announcement of the interim results on Tuesday 19 May 2015."

Enquiries:

Renew Holdings plc	Tel: [phone]
Brian May, Chief Executive
John Samuel, Group Finance Director
Numis Securities Limited	Tel: [phone]
Stuart Skinner (Nominated Adviser)
James Serjeant (Corporate Broker)
Walbrook PR	Tel: [phone] or [e-mail]
Paul McManus	Mob: [phone]
Bob Huxford	Mob: [phone]

About Renew Holdings plc

Engineering Services, which accounts for over 80% 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 Buildingfocuses 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

 

END

 

 

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