Trading Update

RNS Number : 2864B

Renew Holdings PLC

02 April 2013

 



Renew Holdings plc

("Renew" or the "Group")

Trading Update

Ahead of the interim results for the half year ended 31 March 2013, the Board confirms that results for the first half of the year are expected to be satisfactory and will demonstrate further growth in Engineering Services, an increased forward order book and a continued reduction in net debt. The Board continues to anticipate meeting its full year results expectations.

Renew's interim results for the six months ended 31 March 2013 will be announced on Tuesday 21 May 2013.

Enquiries:

Renew Holdings plc	Tel: [phone]
Brian May, Chief Executive
John Samuel, Group Finance Director
Numis Securities Limited	Tel: [phone]
Stuart Skinner (Nominated Adviser)
James Serjeant (Corporate Broker)
Walbrook PR	Tel: [phone]
Paul McManus (Media Relations)	Mob: [phone] or [e-mail]
Paul Cornelius (Investor Relations)	Mob: [phone] or [e-mail]

About Renew Holdings plc

Engineering Services, which now accounts for over 60% of Group revenue and 80% 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 New Build Affordable Housing, High Quality Residential and Retail markets in the South of England.

The Group has 75 framework agreements; 62 of these are in Engineering Services with 43 of those being non-discretionary in nature.

For more information please visit the Renew Holdings plc website: www.renewholdings.com

 

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