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IN BRIEF: Renew expects full-year results to beat expectations

2nd Oct 2023 09:34

Renew Holdings PLC - Leeds, England-based engineering services group - Expects revenue for the financial year ended September 30 to be ahead of market expectations of GBP927.9 million, up from GBP849.0 million in financial 2022. Anticipates adjusted operating profit to exceed consensus of GBP62.3 million, rising from GBP58.8 million a year ago. Looking ahead, says it is well positioned to benefit from the UK's "committed infrastructure spend".

Current stock price: 726.24 pence, up 1.9% on Monday

12-month change: up 24%

By Sabrina Penty, Alliance News reporter

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