13th May 2025 09:52
(Alliance News) - Restore PLC on Tuesday said it remains confident of achieving annual expectations, with all divisions expected to deliver an increase in adjusted operating profit for the full year.
The London-based digital and information management services provider said trading continued to be positive in the four months to April.
"Our revenues increased, underpinned by the core storage and highly contracted and recurring income streams", the company said in a trading update.
In response, shares in Restore were up 0.6% at 249.50 pence each in London on Tuesday morning.
Restore said it is "well positioned" to deliver further growth to accelerate its strategy, both organically and inorganically.
Restore said the acquisition of Synertec Holdings Ltd, a UK-based document management business announced in March, is progressing as planned.
Meanwhile, Shred-on-Site Ltd, bought in April, is expected to contribute GBP3.5 million in revenue during the remainder of 2025, it added.
Restore said it will publish half-year results on July 29.
By Jeremy Cutler, Alliance News reporter
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