Trading Update

RNS Number : 7836S

Renew Holdings PLC

29 September 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 prior to the end of its financial year on 30 September 2014.

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 Forefront Group Limited which was acquired on 1 August 2014 is proceeding well.

Order flow has been encouraging in all market segments and the Group has continued to experience good cash generation.

Preliminary annual results will be announced on Tuesday 25 November 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]
Paul McManus	Mob: [phone] or [e-mail]
Bob Huxford	Mob: [phone] or [e-mail]

About Renew Holdings plc

Engineering Services, which 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 High Quality Residential and New Build Affordable Housing markets in the South East of England.

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

 

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