Renew Holdings PLC AGM Statement (9593M)
January 27 2021 - 2:00AM
UK Regulatory
TIDMRNWH
RNS Number : 9593M
Renew Holdings PLC
27 January 2021
27 January 2021
Renew Holdings plc
("Renew" or the "Group" or the "Company")
AGM Statement
Renew (AIM: RNWH), the Engineering Services Group supporting UK
infrastructure, will hold its Annual General Meeting at 11am today.
David Forbes, Chairman, will open the meeting with the following
remarks:
"Trading for the first quarter of the year has continued to be
in line with the Board's expectations. The Group order book at 31
December 2020 was GBP677m (31 December 2019: GBP651m). The
Engineering Services order book stood at GBP583m (31 December 2019:
GBP549m). Net debt and cash generation are also in line with the
Board's expectations.
Since the introduction of the latest national lockdown in early
January 2021, we have experienced continuity in demand for our
services across all our markets where our employees continue to
implement strict Covid-19 precautions in line with Public Health
England advice. The Group's operations have remained largely
unaffected and, based on our experiences to date, we do not
anticipate any material impact on our financial performance."
A further trading update will be given on 1 April 2021.
For further information, please contact:
Renew Holdings plc www.renewholdings.com
Paul Scott, Chief Executive Officer via FTI Consulting
Sean Wyndham-Quin, Chief Financial 020 3727 1000
Officer
Numis Securities Limited (Nominated
Adviser & Broker)
Stuart Skinner/ Kevin Cruickshank 020 7260 1000
FTI Consulting (Financial PR) 020 3727 1000
Alex Beagley / James Styles Renew@fticonsulting.com
About Renew Holdings plc
Renew Holdings plc is a leading UK Engineering Services
business, performing a critical role in keeping the nation's
infrastructure functioning efficiently and safely. The Group
operates through independently branded subsidiaries across its
chosen markets, delivering non-discretionary maintenance and
renewal tasks through its highly skilled, directly employed
workforce.
Renew's activities are focused into two business streams:
Specialist Engineering, which accounts for over 90 per cent of the
Group's adjusted operating profit, focuses on the key markets of
Rail, Infrastructure, Energy (including Nuclear) and Environmental
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 and
Science markets 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
AGMUNAVRAAUAUAR
(END) Dow Jones Newswires
January 27, 2021 02:00 ET (07:00 GMT)
Renew (LSE:RNWH)
Historical Stock Chart
From Sep 2024 to Oct 2024
Renew (LSE:RNWH)
Historical Stock Chart
From Oct 2023 to Oct 2024