Renew Holdings PLC AGM Statement
January 30 2024 - 1:00AM
RNS Regulatory News
RNS Number : 2617B
Renew Holdings PLC
30 January 2024
30 January 2024
Renew
Holdings plc
("Renew"
or the "Group")
AGM
Statement
Renew (AIM: RNWH), the leading
Engineering Services Group supporting the maintenance and renewal
of critical UK infrastructure, will hold its Annual General Meeting
at 11am today. David Brown, Chairman, will open the meeting with
the following remarks:
"The trading momentum experienced
through FY23 has continued into the new financial year and the
Board is pleased to report that trading for the first quarter was
in line with the Board's expectations. The Group order book at 31
December 2023 was £874m (31 December 2022: £861m). The Engineering
Services order book stood at £795m (31 December 2022:
£758m).
"The long-term structural growth
drivers in the UK's regulated infrastructure markets, combined with
the expertise across our businesses provides significant
opportunities across the Group and the Board looks to the future
with confidence."
A further trading update for the six
months ending 31 March 2024 will be given on 2 April
2024.
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
|
|
Deutsche Numis (Nominated Adviser and Joint
Broker)
|
020 7260
1000
|
|
Stuart Skinner / Kevin
Cruickshank
|
|
|
|
|
|
Peel
Hunt LLP (Joint Broker)
|
020 7418
8900
|
|
Mike Burke / Ed Allsopp
|
|
|
|
|
|
FTI
Consulting (Financial PR)
|
020 3727
1000
|
|
Alex Beagley / Tom Hufton / Amy
Goldup
|
Renew@fticonsulting.com
|
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: Engineering
Services, which accounts for over 95 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, Landmark 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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END
AGMUKSSRSBUAUAR
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