AGM Statement

RNS Number : 6008Z

Renew Holdings PLC

26 January 2022

 

26 January 2022

Renew Holdings plc

("Renew" or the "Group" or the "Company")

AGM Statement

Renew (AIM: RNWH), the leading Engineering Services Group supporting the maintenance and renewal of critical UK infrastructure, will hold its Annual General Meeting at 11am today. David Forbes, Chairman, will open the meeting with the following remarks:

"Trading for the first quarter of the year has continued in line with the Board's expectations. The Group order book at 31 December 2021 was £742m (31 December 2020: £677m). The Engineering Services order book stood at £687m (31 December 2020: £583m). Net debt and cash generation are also in line with the Board's expectations."

A further trading update for the six months ending 31 March 2022 will be given on 1 April 2022.

For further information, please contact:

Renew Holdings plc	www.renewholdings.com
Paul Scott, Chief Executive Officer Sean Wyndham-Quin, Chief Financial Officer	via FTI Consulting 020 3727 1000
Numis Securities Limited (Nominated Adviser & Broker) Stuart Skinner / Kevin Cruickshank Peel Hunt LLP (Joint Broker) Mike Burke / Harry Nicholas / Charles Batten	020 7260 1000 020 7418 8900
FTI Consulting (Financial PR) Alex Beagley / Tom Hufton / Sam Macpherson / Rafaella de Freitas	020 3727 1000 [e-mail]

About Renew Holdings plc

Renew Holdings Group plc is a leading UK Engineering Services business, performing a critical role in keeping the nation's infrastructure functioning efficiently and safely. The Group operates through independently branded subsidiaries across its chosen markets, delivering non-discretionary maintenance and renewal tasks through its highly skilled, directly employed workforce.

Renew's activities are focused into two business streams. Engineering Services, which accounts for over 95 per cent of the Group's adjusted operating profit, focuses on the key markets of Rail, Infrastructure, Energy (including Nuclear) and Environmental 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 Science markets in London and the Home Counties.

For more information please visit the Renew Holdings plc website:  www.renewholdings.com  

 

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