StockMarketWire.com - Restore has confirmed that FY 2015 trading was in line with expectations, with significant increases in revenue, profits and earnings per share.

"We continue to strengthen our position as a key supplier of services to UK offices and we have an excellent platform for further profitable growth with strong visibility of earnings," said CEO Charles Skinner.

Restore said its Document Management division, whose core records management business accounts for the majority of Group profit, continued to perform steadily.

"During the year, the integration of the Cintas business, acquired in October 2014, was completed, with occupancy rates at the combined records management business increasing to more than 90 per cent, as targeted. Wincanton Records Management, the most recent acquisition, was completed in December 2015 and the process of integration has now begun," the company said.

"Following a change of operational management, Restore Scan, largely comprising the former Cintas scanning business, is recovering from disappointing trading earlier in the year and has a strong order book. Restore Shred continues to show organic growth.

"Our Relocations division, which primarily comprises the Harrow Green businesses, delivered good year-on-year growth, particularly in the second half.

"The acquisition of Diamond Relocations in December 2015 provides Harrow Green with a key additional operating base in the South East. Relocom, our IT relocation business, finished the year strongly, benefiting from working more closely with Harrow Green.

"Restore IT Efficient, the Group's IT asset disposal business, and ITP Group, the toner cartridge recycling business acquired in July 2015, traded satisfactorily and in line with management expectations."





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