15th May 2015 07:32
LONDON (Alliance News) - Support services company Restore PLC on Friday said trading has been satisfactory in its document management and relocations divisions in the first months of 2015.
In a statement ahead of the company's annual general meeting, Restore Chairman William Wells said the records management business has performed "steadily", with new box intake in the first four months to the end of April ahead year-on-year. The Restore Scan business has a strong order book in place and the Restore Shred arm is showing good organic growth, he added.
In its Relocations arm, which primarily trades at Harrow Green, the group performed well in the first four months, boosted by good underlying market conditions. Its IT relocation business, Relocom, is benefiting from cross-selling from the Harrow Green unit, while its Restore IT Efficient IT recycling business is solid, though the effect of higher recycling volumes has been offset by lower resale prices, the company said.
"We look forward with confidence to making further good progress this year," Wells said.
Shares in Restore were down 1.1% to 269.00 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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