REG - Renew Holdings PLC - Final Results Revised Date

Renew HoldingsAnnouncement

06/12/2021 17:05

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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
£50m."

 

For further information, please contact:

 

 Renew Holdings plc                                             www.renewholdings.com (http://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 de Freitas            Renew@fticonsulting.com (mailto: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: 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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