6th Nov 2019 10:36
(Alliance News) - Document management services firm Restore PLC on Wednesday said trading continued to meet expectations during the third quarter of 2019.
The core Records Management business continued to show net growth of document boxes, Restore said, while the Datashred business has continued its "robust" operational performance.
The office relocation unit, Harrow Green, did well in the third quarter on the back of solid London performance, Restore added.
Restore, which is holding a capital markets day on Wednesday in London, continues to look for acquisitions, it said, having made three "small" deals during the third-quarter.
Chief Executive Charles Bligh commented: "I am delighted to invite investors to our capital markets day today, the focus of which is to set out the substantial opportunity for the business in each of the markets we operate in.
"We enter this next stage in Restore's evolution, with each of our businesses performing well and in line with our expectations. This provides a strong platform from which we can continue to deliver on our strategy of generating shareholder value through organic growth, selective acquisitions and margin expansion."
London-based Restore shares were flat on Wednesday at a price of 410.10 pence each.
By George Collard; [email protected]
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