Trading Update

RNS Number : 3180P

Renew Holdings PLC

01 October 2013

 



Renew Holdings plc

("Renew" or the "Group")

Trading Update

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces an update on trading following the end of its financial year on 30 September 2013.

Trading during the second half of the financial year has been pleasing and the Board expects that results will be in line with market expectations for the year. Initial integration of Lewis Civil Engineering Limited which was acquired on 9 August 2013 has gone well.

Order flow has been encouraging in all market segments. 

The Board confirms that the Group will record a net cash position as at 30 September 2013.

Preliminary annual results will be announced on Tuesday 26 November 2013.

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]
Paul McManus (Media Relations)	Mob: [phone] or [e-mail]
Paul Cornelius (Investor Relations)	Mob: [phone] or [e-mail]

About Renew Holdings plc

Engineering Services, which now accounts for over 70% of Group revenue and 80% 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 New Build Affordable Housing and High Quality Residential markets in the South of England.

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

 

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