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Regenersis PLC (RGS)

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Thursday 06 March, 2014

Regenersis PLC

New Business Wins

RNS Number : 6228B
Regenersis PLC
06 March 2014

6 March 2014



("Regenersis" the "Company" or the "Group")




Regenersis, a strategic outsourcing partner to many of the world's leading consumer technology companies, is pleased to announce that, following the successful contract wins in the first half of the financial year, new business in the second half has continued to develop strongly.


Over the last few weeks, Regenersis has secured a number of new business wins in its Renew division which will commence in H2 of the current financial year, one of which is likely to be of particular significance in FY 2015.


The Group has won new business with a major global mobile network operator in Germany, where it will manage innovative device trade-in programmes, in a marketing rather than a supply chain led programme, representing a significant sector breakthrough. This contract will commence shortly and, after an implementation period, related costs and working capital investment, is expected to contribute to significant revenue and profit growth in FY 2015.


The Group has also won several other contracts which will make use of Regenersis' newly developed closed loop refurbishment and insurance fulfilment services.  They will be fulfilled by the Group's refurbishment facilities across the world including Romania, Scotland and Sweden.  Customers include:


·     Several new insurance clients in northern Europe,

·     A major operator in South Africa which will become a new customer of the Group, and

·     An existing depot repair customer, a major operator in Europe, which is now making use of this new service offering.


The above new business wins are expected to have an annualised revenue of at least £10 million once they reach their full run rate.


Matthew Peacock, Executive Chairman of Regenersis, said:


"It is very pleasing to see the rapid progress we've achieved combining technologically advanced solutions with innovative marketing programmes.  This powerful combination is becoming a source of considerable competitive advantage for Regenersis, as well as a significant opportunity for sustained growth."


"It is also the first time we have secured major contracts which move us from our clients' aftermarket and supply chain purse into a marketing and customer acquisition budget.  We believe that this considerably broadens our scope for growth and development in the future."


"In the Board's view, these latest developments provide an even more encouraging outlook for further good growth in financial year 2015."




Regenersis Plc                                                                                 

Matthew Peacock, Executive Chairman

Jog Dhody, Chief Financial Officer


+44 (0) 20 3657 7000

Panmure Gordon (UK) Limited (Nomad and Joint Broker)

Dominic Morley / Nicola Marrin, Corporate Finance

Charles Leigh Pemberton, Corporate Broking


+44 (0) 20 7886 2500

Cenkos Securities (Joint Broker)                                              

Stephen Keys, Corporate Finance

Alex Aylen, Sales


+44 (0) 20 7397 8900

Tavistock Communications                                                        

Catriona Valentine / Matt Ridsdale / Keeley Clarke


+44 (0) 20 7920 3150






About Regenersis -


With its core business in repairing consumer electronics, Regenersis helps companies like HTC, Nokia, Samsung, Orange, John Lewis, LG, Toshiba and others deliver the best possible after market service to its customers.  Through the provision of technical call centres or managing returns and repairs, the company supports a wide range of products including mobile phones, laptops and tablets, set top boxes, televisions and other electronic equipment.  Regenersis also operates in the business-to-business environment where it offers high quality and secure repair and refurbishment solutions for chip and pin devices, ATMs and even MRI scanners.


Building upon its success in repair, the company is already proving its pioneering range of services known as Advanced Solutions, which include in-field testing, where Regenersis is partnering with cable operators across the world to diagnose set-top box faults in the home, reducing unnecessary returns.  The newly formed Renew business unit comprises Digital Care, which provides extended warranty and insurance services to end customers; Refurbishment, which provides legitimate, quality refurbished components and devices to the end customer; and Recommerce, which offers client led refurbishment, repair and onward disposition of devices.




This information is provided by RNS
The company news service from the London Stock Exchange

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