TIDMRNWH

RNS Number : 5279J

Renew Holdings PLC

03 April 2018

Renew Holdings plc

("Renew" or the "Group")

Trading Update

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces an update on trading in advance of the interim results for the half year ended 31 March 2018.

The performance of the Group continues to be strong. Trading for the first half of the year is in line with the Board's expectations and we anticipate reporting an increased forward order book at the interim results.

This has been driven by Engineering Services where order flow across our Infrastructure and Environmental sectors has been good.

The Group expects to report a modest net debt position at the half year in line with expectations. Our year end net cash forecast remains unchanged.

Renew's interim results for the six months ended 31 March 2018 will be announced on Tuesday 22 May 2018.

Enquiries:

 
 Renew Holdings plc                                            Tel: 0113 281 4200 
 Paul Scott, Chief Executive 
 Sean Wyndham-Quin, Group 
  Finance Director 
 
 Numis Securities Limited                                      Tel: 020 7260 1000 
 Stuart Skinner/ Kevin Cruickshank 
  (Nominated Adviser) 
 Michael Burke (Corporate 
  Broker) 
 
 Walbrook PR                           Tel: 020 7933 8780 or renew@walbrookpr.com 
 Paul McManus                                                  Mob: 07980 541 893 
 Nick Rome                                                     Mob: 07748 325 236 
 Lianne Cawthorne                                              Mob: 07584 391 303

About Renew Holdings plc

Engineering Services, which accounts for over 80% of Group revenue and 90% 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 the High Quality Residential market in London and the Home Counties.

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 03, 2018 02:01 ET (06:01 GMT)

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