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Regenersis PLC (RGS)

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Tuesday 15 January, 2013

Regenersis PLC

Notice of Results and Trading Update

RNS Number : 5054V
Regenersis PLC
15 January 2013
 



15 January 2013

 

REGENERSIS PLC

NOTICE OF RESULTS AND TRADING UPDATE

 

Regenersis plc ("Regenersis") issues this trading update in advance of its results for the six months to 31 December 2012, which will be announced on Thursday, 14 March 2013.

 

The board is pleased to confirm that earnings for the half year will be in line with market expectations, following a strong trading period which has delivered further double digit organic sales growth, as well as a positive contribution from the group's recent acquisition, HDM. The Advanced Solutions division has produced very significant earnings growth and the first contribution from royalties of our In Field Tester ("IFT") in both the UK and the USA was secured. Cash flow has again been better than market expectations for the group as a whole.

 

The group has continued to make operating and capital expenditure investments in the development of the new service lines during the first half of the year. At the time of the Interim Results, the board expects that it will be able to provide a positive update on the progress of the IFT in the USA, as well as other initiatives. The M&A market continues to provide a number of interesting opportunities.

 

The group has also recently been informed that it has won a very significant, multi-geography, multi-year contract, which will contribute most to the Emerging Market Depot Solutions division. The detailed contractual terms are now in negotiation, the specifics of which will be announced with or before the group's interim results.

 

These developments and the half year results underpin the board's expectation for the full year, as well as adding further confidence to its expectations for good growth next financial year.

 

Enquiries:

 

Regenersis Plc                                                                                                  +44 (0) 20 3657 7000

Matthew Peacock, Executive Chairman

Jog Dhody, Chief Financial Officer

 

Arden Partners plc (Nomad and Joint Broker)                                    +44 (0) 121 423 8900

Steve Douglas

 

Panmure Gordon (UK) Limited (Joint Broker)                                     +44 (0) 20 7886 2500

Dominic Morley / Charles Leigh-Pemberton

 

Tavistock Communications                                                                         +44 (0) 20 7920 3150

Catriona Valentine / Matt Ridsdale / Keeley Clarke

 

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 Company has also recently set up a Digital Care division, which provides extended warranty and insurance services to end customers; and Recommerce, which offers client led buy back, refurbishment and onward resale of devices.

 

 


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