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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.00 | 1.18% | 258.00 | 256.00 | 260.00 | 260.50 | 255.50 | 260.50 | 58,619 | 08:06:14 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Business Services, Nec | 277.1M | -30.7M | -0.2242 | -11.51 | 349.16M |
From Nov 2023 to Nov 2024
TIDMRST
RNS Number : 0539A
Restore PLC
18 January 2024
18 January 2024
Restore plc
("Restore" or the "Group" or "Company")
Trading Update
and
Notice of Full Year Results
Restore plc (AIM: RST), the UK's leading provider of digital and information management and secure lifecycle services, today issues the following trading update for the year ended 31 December 2023 ("FY23").
Further to the Group's trading update of 16 November 2023, the Board is pleased to confirm that Restore expects to report adjusted profit before tax for FY23 in line with market expectations*.
Whilst 2023 was a challenging year for the Group, our foundation of highly contracted and recurring income streams, in particular our storage revenue, underpinned our financial performance.
Cash generation during FY23 remained healthy, with anticipated year-end net debt of around GBP98 million, towards the lower end of market expectations*.
The Group will publish FY23 results on Thursday 14 March 2024.
* Market expectations refers to a Group-compiled consensus of analyst forecasts for FY23 of:
-- Adjusted profit before tax of GBP30.5m, with a range of GBP29.4m to GBP31.0m. -- Net debt of GBP100.2m, with a range of GBP96m to GBP103.7m.
For further information please contact:
Restore plc www.restoreplc.com Charles Skinner, CEO +44 (0) 207 409 2420 Dan Baker, CFO Chris Fussell, Company Secretary Investec (Nominated Adviser and Joint www.investec.com Broker) Carlton Nelson 44 (0) 207 597 5970 James Rudd Canaccord Genuity (Joint Broker) www.canaccordgenuity.com Max Hartley Alex Aylen 44 (0) 207 523 8000 FTI Consulting (PR Enquiries) www.fticonsulting.com/uk Nick Hasell +44 (0) 203 727 1340 Alex Le May
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END
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(END) Dow Jones Newswires
January 18, 2024 02:00 ET (07:00 GMT)
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