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RNWH Renew Holdings Plc

918.00
-15.00 (-1.61%)
Last Updated: 11:01:47
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Renew Holdings Plc LSE:RNWH London Ordinary Share GB0005359004 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -15.00 -1.61% 918.00 918.00 922.00 930.00 918.00 930.00 28,536 11:01:47
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contractor-oth Residentl 921.55M 43.38M 0.5482 16.86 731.2M

Renew Holdings PLC Trading Update and Notice of Results (4133L)

03/10/2016 7:00am

UK Regulatory


Renew (LSE:RNWH)
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TIDMRNWH

RNS Number : 4133L

Renew Holdings PLC

03 October 2016

Renew Holdings plc

("Renew" or the "Group")

Trading Update and Notice of Results

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces a trading update ahead of its annual results for the financial year ended 30 September 2016 which will be announced on Tuesday 22 November 2016.

The Board expects the Group's results for the year to 30 September 2016 to be in line with market expectations, demonstrating further growth in both revenue and operating profit together with an increase in operating margin. The Board also expects to report that the Group has moved to a net cash position.

As previously reported, Brian May retired as Chief Executive on 30 September 2016 and has been succeeded by Paul Scott. The Board would like to thank Brian for his outstanding leadership of Renew over the last eleven years, during which he transformed the Group from a loss making building contractor into a leading business in Engineering Services and delivered an increase in market capitalisation from GBP17m to GBP229m without recourse to equity financing.

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 (Media & Investor                                           Tel: 020 7933 8780 or renew@walbrookpr.com 
  Relations) 
 Lianne Cawthorne                                             Tel: 07584 391 303 or lianne.cawthorne@walbrookpr.com 
 Paul McManus                                                     Mob: 07980 541 893 or paul.mcmanus@walbrookpr.com 
 
 

About Renew Holdings plc

Engineering Services, which accounts for over 85% 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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(END) Dow Jones Newswires

October 03, 2016 02:00 ET (06:00 GMT)

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