AGM Statement

RNS Number : 7263F

Restore PLC

22 May 2017

 

22 May 2017

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, Sir William Wells, will make the following statement:

"I am pleased to report that 2017 trading has started well across the Group, with the benefits of the acquisition of PHS Data Solutions in August 2016 being delivered in line with expectations.

Our Document Management division, including our core records management business, is trading well, with Restore Datashred and Restore Scan benefiting from their greater scale following the successful integration of the PHS scanning and shredding activities.

The performance of Harrow Green, the core business within our Relocation division, is in line with expectations. IT Efficient, our IT recycling business, is steadily integrating ITAD Works acquired in February 2017, while ITP, our toner cartridge recycling business, is showing improvement following its poor performance in 2016.

The year has started well and we look forward to delivering another year of strong progress in 2017."

For further information please contact:

Restore plc

Charles Skinner                                                 Tel: [phone]

Adam Councell                                                  Tel: [phone]                                

Cenkos Securities

Nicholas Wells                                                  Tel: [phone]

Elizabeth Bowman

FTI Consulting

Nick Hasell                                                        Tel: [phone]

Alex Le May

 

END

 

 

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