StockMarketWire.com - Engineering services group Renew said trading in its fiscal first half through March was ahead of the previous financial year and in-line with forecasts.

'The board remains confident in achieving its expectations for the full year,' the company said.

'Trading in the engineering services division has been strong whilst specialist building activities have reduced, as expected, due to our continued approach to contract selectivity.'

Net debt was was in-line with the board's expectations and the year-end net debt forecast remained unchanged.

'The group's order book continues to be underpinned by long-term framework positions, including new awards during the first half of the year, and is expected to be in-line with that reported at our AGM in January,' Renew said.


At 8:52am: [LON:RNWH] Renew Holdings PLC share price was +1.5p at 403.5p



Story provided by StockMarketWire.com