Restore plc is an AIM-listed support services company focussed on providing services to offices in the private and public sectors.

Restore plc has two divisions: document management and relocations. As a group it provides safe and secure services in document storage, online and tape storage, document shredding, office relocation, IT relocation and IT asset disposal. The group has significantly developed and expanded these services over the last few years by means of acquisition and organic growth and provides nationwide services, with storage locations across all of mainland Britain.

The Company was floated on AIM in November 2004. Our head office is in London W1.

Restore is a document storage company based in Redhill, Surrey. From its original storage facilities in Redhill, Paddock Wood and Launceston, and a 70-acre underground facility in Wiltshire, its geographical spread has grown significantly over the last few years, partly through acquisitions made in Oxfordshire, Sussex, Leeds, Glasgow, Middlesbrough, Manchester and Kent, as well as File and Data, another national records management business. It has also taken on the records management activities and sites of Harrow Green and now operates from 17 sites across the UK. The company offers a range of services from pure storage to a comprehensive, compliance-based records management programme and has customers throughout the UK.

Restore Shred, headquartered in Upper Heyford with sites from Glasgow to London, where it has a state-of-the-art facility with capacity in excess of 15,000 tonnes a year. The company was formed in October 2011 when it acquired the business and assets of Thoroughshred, a provider of secure shredding and recycling. The acquisitions of M&L Document Destruction and Cannon Confidential mean that Restore Shred now services customers across the UK.

Restore Scan (formerly Document Control Services Ltd (DCS)) is a specialist scanning company. The company is based in Peterborough and has a strong customer base across the UK, serving in particular the infrastructure sector.


http://www.restoreplc.com/investor-relations.php

Half Year Trading Update
RNS
RNS Number : 3691V
Restore PLC
23 July 2018


23 July 2018
Restore plc

Half Year Trading Update

Restore plc ("Restore" or "the Group"), the UK office services provider, today issues a trading update for the six months ended 30 June 2018.

Trading for the first half of 2018 was in line with management expectations.

In our Document Management division, Restore Records Management traded steadily. As expected, we witnessed higher destruction and removal rates in the period as customers reviewed their GDPR obligations. After a slow start to the year, Restore Datashred's performance improved strongly towards the end of the period, partly due to increased GDPR-related activity. Restore Digital traded well particularly at the end of the period when its major seasonal scanning contract was executed successfully. Our Relocation division traded satisfactorily led by a solid performance from Restore Harrow Green and our IT recycling business continuing to perform well.

The business and assets of TNT Business Solutions, which were acquired on 30 April 2018, performed in line with management expectations. Following completion of the acquisition, an initial enforcement order was issued by the Competition and Markets Authority which prevented the integration of the business. This order has now been lifted and the integration will proceed in the second part of the year.

The Group's Half Year results will be released on 17 September 2018.

Half year results 2018

Summary:

· Group revenue up 9% to £95.1m
· Group adjusted profit before tax up 13% to £17.3m
· Adjusted basic earnings per share up 10% to 12.0p
· Document Management revenue up 8% to £69.9m; operating profit up 11% to £17.6m
o Restore Datashred benefit from increased GDPR-related activity in second quarter
· Relocations revenue up 14% to £25.2m; operating profit up 35% to £2.7m
o Improvement in operating margin from increased operational efficiency
· Good initial contribution from TNT Business Solutions; integration programme now underway
· Interim dividend per share up 20% to 2.0p