Trading Update

RNS Number : 5279J

Renew Holdings PLC

03 April 2018

 

Renew Holdings plc

("Renew" or the "Group")

Trading Update

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces an update on trading in advance of the interim results for the half year ended 31 March 2018.

The performance of the Group continues to be strong. Trading for the first half of the year is in line with the Board's expectations and we anticipate reporting an increased forward order book at the interim results.

This has been driven by Engineering Services where order flow across our Infrastructure and Environmental sectors has been good.

The Group expects to report a modest net debt position at the half year in line with expectations. Our year end net cash forecast remains unchanged.

Renew's interim results for the six months ended 31 March 2018 will be announced on Tuesday 22 May 2018.

Enquiries:

Renew Holdings plc		Tel: [phone]
Paul Scott, Chief Executive
Sean Wyndham-Quin, 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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