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IN BRIEF: Renew Holdings says confident of performance in year ahead

ALN

Renew Holdings PLC - Leeds, England-based engineering services group - Says trading in the first quarter of its financial year has been in line with its expectations. Group order book at December 31 stands at £861 million, up from £742 million a year earlier. The Engineering Services order book stands at £758 million on December 31, up from £687 million on the same date a year ago.

Chair David Brown said: ‘We are pleased with the momentum within the group. This, combined with the structural growth drivers in our regulated infrastructure markets, give us confidence in the year ahead.’

Back in November, Renew had reported a 21% rise in pretax profit for financial year that ended on September 31 to £49.5 million from £40.8 million a year ago, as revenue rose by 7.3% to £849.0 million from £791.0 million.

Current stock price: 733.70 pence each, up 0.2% on Wednesday morning in London

12-month change: unchanged from a year ago

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