Renew Holdings PLC Final Results Revised Date (7351U)
December 06 2021 - 12:00PM
UK Regulatory
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RNS Number : 7351U
Renew Holdings PLC
06 December 2021
6 December 2021
Renew Holdings plc
Final Results Revised Date
Renew Holdings plc ("Renew"), the leading Engineering Services
Group supporting UK infrastructure, today announces a revised date
for the publication of its final results for the full year ended 30
September 2021.
The Company's auditor, KPMG LLP, has requested an additional 48
hours to complete its procedures because of the practical
challenges of virtual working in the current pandemic environment.
As a result, the Company now expects to announce its final results
on 9 December 2021 a short delay to the previously planned date of
7 December 2021.
The Board confirms that the final results are expected to be in
line with the trading update provided on 7 September 2021 which
said "that the Board now expects the Group's full year results to
be materially ahead of current market expectations with adjusted
operating profit expected to be no less than GBP50m."
For further information, please contact:
Renew Holdings plc www.renewholdings.com
Paul Scott, Chief Executive Officer via FTI Consulting
Sean Wyndham-Quin, Chief Financial Officer 020 3727 1000
Numis Securities Limited (Nominated Adviser
and Joint Broker) 020 7260 1000
Stuart Skinner / Kevin Cruickshank
Peel Hunt LLP (Joint Broker) 020 7418 8900
Mike Burke / Harry Nicholas / Charles Batten
FTI Consulting (Financial PR) 020 3727 1000
Alex Beagley / Sam Macpherson / Rafaella Renew@fticonsulting.com
de Freitas
About Renew Holdings plc
Renew 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
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