Renew Holdings says trading in line with expectations
Source - SMW
Engineering services group Renew Holdings said trading in the first quarter had been line with its expectations.
Its order book at December 31 was £511m, down slightly on £523m a year earlier.
'A slower-than-usual payment profile with certain customers in the public sector has led to an increase in work-in-progress in the first half,' non-executive director David Forbes said in speech notes for the company's annual general meeting.
'Nevertheless, cash balances as at 30 September 2018 are forecast to be broadly in line with the previous year end.'
At 9:16am: (LON:RNWH) Renew Holdings PLC share price was -31p at 419p