Final Results Revised Date

RNS Number : 7351U

Renew Holdings PLC

06 December 2021

 

6 December 2021

Renew Holdings plc

Final Results Revised Date

Renew Holdings plc ("Renew"), the leading Engineering Services Group supporting UK infrastructure, today announces a revised date for the publication of its final results for the full year ended 30 September 2021.

The Company's auditor, KPMG LLP, has requested an additional 48 hours to complete its procedures because of the practical challenges of virtual working in the current pandemic environment. As a result, the Company now expects to announce its final results on 9 December 2021 a short delay to the previously planned date of 7 December 2021.

The Board confirms that the final results are expected to be in line with the trading update provided on 7 September 2021 which said "that the Board now expects the Group's full year results to be materially ahead of current market expectations with adjusted operating profit expected to be no less than £50m."

For further information, please contact:

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

About Renew Holdings plc

Renew 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: Specialist Engineering, which accounts for over 90 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 

 

END

 

 

MSCFLFERFDLRIIL