Renew Holdings PLC Trading Update (2349B)
April 03 2017 - 2:00AM
UK Regulatory
TIDMRNWH
RNS Number : 2349B
Renew Holdings PLC
03 April 2017
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 2017.
Trading for the first half of the year is ahead of the
comparative position last year and in line with the Board's
expectations.
As previously indicated, as a result of the acquisition of
Giffen Holdings Ltd in October 2016, the Board anticipates
reporting a modest net debt position when it announces Renew's
interim results on Tuesday 23 May 2017. The Board expects to report
a net cash position as at 30 September 2017.
Enquiries:
Renew Holdings plc Tel: 0113 281 4200
Paul Scott, Chief Executive
John Samuel, Group Finance
Director
Numis Securities Limited Tel: 020 7260 1000
Stuart Skinner/Kevin Cruickshank
(Nominated Adviser)
Michael Burke (Corporate
Broker)
Walbrook PR Tel: 020 7933 8780 or renew@walbrookpr.com
Lianne Cawthorne (Media Tel: 07584 391 303 or lianne.cawthorne@walbrookpr.com
Relations)
Paul McManus (Media Relations) Mob: 07980 541 893 or paul.mcmanus@walbrookpr.com
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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