23rd Jul 2018 12:21
LONDON (Alliance News) - UK office services provider Restore PLC said Monday that trading for the first half of the year was in line with management forecasts.
For the six months to June 30, the company said that its Document Management unit traded steadily with the European Union's new data protection law - the General Data Protection Regulation which came into effect in May - upping destruction and removal rates.
"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," the company added.
The company's Digital division traded well, particularly at the end of the period when it executed its "major seasonal scanning contract", Restore explained.
Following the acquisition of TNT Business Solutions, completed at the end of April, the company could not integrate the business after receiving an initial enforcement order from the UK Competition & Markets Authority.
The CMA order has now been lifted and Restore said it will integrate the business in the second half of the year.
The company will publish its interim results on September 17.
Restore shares were down 0.2% at 500.00 pence each on Monday.
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