Trading Update and Notice of Results

RNS Number : 3036S

Renew Holdings PLC

02 October 2017

 

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: [phone]
Paul Scott, Chief Executive
John Samuel, Group Finance Director
Numis Securities Limited	Tel: [phone]
Stuart Skinner/ Kevin Cruickshank (Nominated Adviser)
Michael Burke (Corporate Broker)
Walbrook PR		Tel: [phone] or [e-mail]
Paul McManus	Mob: [phone]
Nick Rome	Mob: [phone]
Lianne Cawthorne	Mob: [phone]

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

 

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