Leeds-based engineering group Renew's full year results set to beat expectations

By Greg Wright
Published 4th Sep 2020, 07:27 BST
Updated 4th Sep 2020, 07:30 BST
Renew has published an update for the stock exchangeRenew has published an update for the stock exchange
Renew has published an update for the stock exchange
Engineering services group Renew today said it expects its full year results to be ahead of expectations, which is partly due to a strong performance from its rail and infrastructure division.

Leeds-based Renew has published an update on trading in advance of its annual results for the financial year ended 30 September 2020 which will be announced on Tuesday 8 December 2020.

The statement said: "Trading since the announcement of our interim results has been strong and consequently the board expects the group's full year results to be materially ahead of current market expectations with adjusted operating profit forecast to be between £39m-£40m.

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"This improved forecast result is reflective of our defensive qualities, resilience and the implementation of numerous mitigation measures that have proven to be extremely effective in responding to the challenges of Covid-19."