Trading Update

RNS Number : 3820D

Renew Holdings PLC

28 March 2014

 



Renew Holdings plc

("Renew" or the "Group")

Trading Update

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces an update on trading ahead of the interim results for the half year ended 31 March 2014.

Trading for the first half of the year has been strong and well ahead of the comparative position last year, in line with the Board's expectations. Performance is being driven by growth in all of our Engineering Services markets but particularly so in Infrastructure where our Rail business is continuing to experience record levels of activity. Specialist Building is performing in line with expectations.

The Board also anticipates reporting an increased forward order book and strong cash generation.

Renew's interim results for the six months ended 31 March 2014 will be announced on Tuesday 20 May 2014.

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 now accounts for over 70% 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 Building focuses on the High Quality Residential and New Build Affordable Housing markets in the South of England.

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

 

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