Renew trading in line in first quarter
Renew Holdings
1,066.00p
15:39 15/11/24
-2.20%
-24.00p
Engineering services company Renew said in an update on Wednesday that trading in its first quarter was in line with the expectations of its board.
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Support Services
10,885.48
15:45 15/11/24
-0.85%
-93.62
The AIM-traded firm, which was holding its annual general meeting, said its order book as at 31 December totalled £742m, up from £677m a year earlier.
“The engineering services order book stood at £687m,” chairman David Forbes confirmed, compared to £583m at the end of December 2020.
“Net debt and cash generation are also in line with the board's expectations.”
Renew said it would provide a further trading update for the six months ending 31 March on 1 April.
At 1509 GMT, shares in Renew Holdings were up 2.61% at 727.5p.