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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Restore Plc | LSE:RST | London | Ordinary Share | GB00B5NR1S72 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 222.50 | 220.00 | 225.00 | 222.50 | 222.50 | 222.50 | 8,636 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Business Services, Nec | 279M | 16.8M | 0.1227 | 18.13 | 304.66M |
TIDMRST
RNS Number : 3691V
Restore PLC
23 July 2018
23 July 2018
Restore plc
Half Year Trading Update
Restore plc ("Restore" or "the Group"), the UK office services provider, today issues a trading update for the six months ended 30 June 2018.
Trading for the first half of 2018 was in line with management expectations.
In our Document Management division, Restore Records Management traded steadily. As expected, we witnessed higher destruction and removal rates in the period as customers reviewed their GDPR obligations. After a slow start to the year, Restore Datashred's performance improved strongly towards the end of the period, partly due to increased GDPR-related activity. Restore Digital traded well particularly at the end of the period when its major seasonal scanning contract was executed successfully. Our Relocation division traded satisfactorily led by a solid performance from Restore Harrow Green and our IT recycling business continuing to perform well.
The business and assets of TNT Business Solutions, which were acquired on 30 April 2018, performed in line with management expectations. Following completion of the acquisition, an initial enforcement order was issued by the Competition and Markets Authority which prevented the integration of the business. This order has now been lifted and the integration will proceed in the second part of the year.
The Group's Half Year results will be released on 17 September 2018.
For further information please contact:
Restore plc Charles Skinner, Chief Executive 07966 234 075 Adam Councell, Group Finance Director 07860 402 434 Cenkos Securities 020 7397 8900 Nicholas Wells FTI Consulting Nick Hasell 020 3727 1340 Alex Le May
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
July 23, 2018 02:00 ET (06:00 GMT)
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