Trading update
Summary by AI BETAClose X
12 May 2026
Restore plc
("Restore" or the "Group" or the "Company")
Trading update
Restore plc (AIM:RST), the UK's leading provider of secure and sustainable business services for data, information, communications and assets, provides the following trading update for the four months ended 30 April 2026 (the "Period"), ahead of its Annual General Meeting to be held later today.
During the Period, trading remained robust. As expected, revenues increased significantly, reflecting both the contribution from acquisitions completed during the prior year and organic growth. Organic revenue growth was particularly strong across digitisation, outbound communications and IT recycling, while the Group's core document storage business continued to benefit from the highly stable revenues and earnings. Operating margins remained strong across each division and in line with our plans.
During the Period, the Group completed three bolt-on acquisitions within its Datashred division for an aggregate cash consideration of approximately £3.5m. These comprised Russell Richardson & Sons Limited, Paper Shredding Services Limited and the trade and assets of RDS Confidential Shredding Limited. The Group continues to review a number of further bolt-on acquisition opportunities.
The £20m share buyback programme announced in March 2026 has been launched and is progressing to plan.
The Board remains confident that the Group will deliver adjusted profit before tax for the full year in line with market expectations and remains well positioned to achieve significant sustained growth.
Restore will publish its results for the six months ended 30 June 2026 on Tuesday 28 July 2026.
Cautionary Statement: This announcement contains certain statements, statistics and projections that are or may be forward-looking. The accuracy and completeness of all such statements, including, without limitation, statements regarding the future financial position, strategy, projected costs, plans and objectives for the management of future operations of Restore and its subsidiaries is not warranted or guaranteed. These statements typically contain words such as 'intends', 'expects', 'anticipated', 'estimates' and words of similar import. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. Although Restore believes that the expectations will prove to be correct. There are a number of factors, many of which are beyond the control of Restore, which could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements.
For further information please contact:
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Restore plc |
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Charles Skinner, CEO |
+44 (0) 207 409 2420 |
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Dan Baker, CFO Chris Fussell, Company Secretary |
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Investec (Nominated Adviser and Joint Broker) |
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Carlton Nelson |
44 (0) 207 597 5970 |
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James Rudd |
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Canaccord Genuity (Joint Broker) |
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Max Hartley Alex Aylen |
44 (0) 207 523 8000 |
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FTI Consulting (PR Enquiries) |
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Nick Hasell |
+44 (0) 203 727 1340 |
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Alex Le May |
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