Notice of Results and Trading Update

10 July 2013

REGENERSIS PLC

Notice of results and trading update

Regenersis plc (AIM: RGS) ("Regenersis" or "the Group"), a strategic outsourcing partner to many of the world's leading consumer technology companies, issues this trading update in advance of its results for the year ended 30 June 2013, which will be announced on Tuesday, 24 September 2013.

Trading

Trading for the year ended 30 June 2013 will be in line with market expectations. This follows a strong trading period which has delivered further double digit organic sales growth, as well as a positive contribution from the Group's recent acquisitions, despite foreign exchange head winds on the translation of overseas earnings.

Cash flow management during the course of the full year has further improved with net debt at 30 June 2013 being substantially better than market estimates. This strong financial performance has delivered a year-end balance sheet that is well placed to support further organic and acquisitive growth.

Both Emerging Markets and Advanced Solutions are showing particularly good earnings growth for the period with Emerging Markets delivering a return to earnings growth at an even stronger growth rate than the group as a whole. The Advanced Solutions division is also delivering growth at nearly twice the rate of the prior period, despite funding start-up losses in Digitalcare. In the second half, the division also benefited from its first full period of In Field Tester ("IFT") royalty contributions in the UK.

Managing Director of Renew 

Further to the announcement made on 8 July 2013, Pritpal Matharu has been appointed as the MD of our new Advanced Solutions business unit, Renew, and as a member of the Regenersis Executive Board. He will join the Group shortly from Carphone Warehouse PLC, where he has spent the last four years building the B2B Services division, including leading the Business Development, Operations and Account Management functions. Prior to this, he spent 13 years at the electrical chain Comet in senior roles within Supply Chain, eCommerce and After Sales Services.

Matthew Peacock, Executive Chairman of Regenersis, said: 

"Our strategy, to deliver double digit sales and earnings growth, by concentrating on Emerging Markets and Advanced Solutions, continues to work well. The acquisitions we completed during the year in Latin America and South Africa, along with the recently announced Renew initiative in Advanced Solutions, also have significant growth potential. 

"We are pleased to welcome Pritpal to the Group and look forward to working with him on Renew. Pritpal is part of a planned investment in senior people that Regenersis will be making over the next few months to manage the business through the next two to three years of growth.

"Our ongoing strategic development, investment in senior people and continuing good results underpin the Board's expectation for further double digit growth next financial year and beyond."

Enquiries:

Regenersis Plc +44 (0) 20 3657 7000

Matthew Peacock, Executive Chairman

Jog Dhody, Chief Financial Officer

Arden Partners plc (Nomad and Joint Broker) +44 (0) 121 423 8900

Steve Douglas / Katelin Kennish

Panmure Gordon (UK) Limited (Joint Broker) +44 (0) 20 7886 2500

Dominic Morley / Charles Leigh-Pemberton

Tavistock Communications +44 (0) 20 7920 3150

Catriona Valentine / Matt Ridsdale / Keeley Clarke

About Regenersis

With its core business in repairing consumer electronics, Regenersis helps companies like HTC, Nokia, Samsung, Orange, John Lewis, LG, Toshiba and others deliver the best possible after market service to its customers. Through the provision of technical call centres or managing returns and repairs, the company supports a wide range of products including mobile phones, laptops and tablets, set top boxes, televisions and other electronic equipment. Regenersis also operates in the business-to-business environment where it offers high quality and secure repair and refurbishment solutions for chip and pin devices, ATMs and even MRI scanners.

Building upon its success in repair, the company is already proving its pioneering range of services known as Advanced Solutions, which include in-field testing, where Regenersis is partnering with cable operators across the world to diagnose set-top box faults in the home, reducing unnecessary returns. The newly formed Renew business unit comprises Digitalcare, which provides extended warranty and insurance services to end customers; Refurbishment, which provides legitimate, quality refurbished components and devices to the end customer; and Recommerce, which offers client led buy back, repair and onward resale of devices.