22nd Jul 2015 07:51
LONDON (Alliance News) - Office services provider Restore PLC on Wednesday said trading in the first half of 2015 was broadly in line with its expectations, with solid performances from its record management and office relocations businesses.
Restore said its records management business performed steadily in the half, with the focus centred on integrating the Cintas business it acquired in October last year. Excluding Cintas, annualised box growth in the half was up 8%, ahead of Restore's expectations, with organic sales still strong.
Volumes in the Restore Scan business, which comprises the former Cintas scanning business, were in line with expectations, though its performance was hit by a technical issue which resulted in cost overruns.
Harrow Green, Restore's UK office relocations business, performed in line with its expectations and ended the first half well, while the other parts of its relocation business also traded in line.
Restore shares were down 3.2% to 260.00 pence on Wednesday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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