AGM Statement

RNS Number : 6335O

Restore PLC

21 May 2018

 

21 May 2018

Restore plc

AGM Statement

At the Annual General Meeting of Restore plc ("Restore" or "the Group"), to be held later today at Cenkos, 6-8 Tokenhouse Yard, London, EC2R 7AS, the Chairman, Martin Towers, will make the following statement:

"2018 trading has started satisfactorily across the Group and our expectations for the full year remain unchanged.

In our Document Management division, our core records management business continues to trade well. As previously announced, we completed the acquisition of TNT Business Solutions on 30 April. Restore Datashred, our shredding business, delivered lower operating margins than budgeted in the first quarter and steps have been taken to improve margins in the second quarter. Restore Digital, our scanning business, continues to trade satisfactorily.

Restore Harrow Green, our office relocations business, which comprises the largest part of our Relocation division, continues to trade well. Restore Technology, our IT lifecycle services business, continues to build on last year's successful acquisition of The ITAD Works.

We look forward to delivering another year of progress in 2018."

For further information please contact:

Restore plc
Charles Skinner	Tel: [phone]
Adam Councell	Tel: [phone]
Cenkos Securities	Tel: [phone]
Nicholas Wells
Elizabeth Bowman
FTI Consulting	Tel: [phone]
Nick Hasell
Alex Le May

 

END

 

 

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