January 30, 2018
UK office services provider, Restore plc, has unveiled its Year End Trading Update for 2017.
Restore plc, the UK office services provider, has confirmed that trading for the year which ended 31 December 2017 was “in line with expectations.”
The company’s Document Management division, the core records management business which accounts for the majority of Group profit, continued to perform well, and Restore’s Records Management business also continued to trade strongly.
The Relocation division, which primarily comprises the Harrow Green business, continued to achieve good year-on-year growth, with trading activity at Harrow Green described as “strong.”
In addition, ITP, Restore’s toner cartridge recycling business, showed some signs of improvement, though the company revealed that “its market remains difficult.”
The Group’s Full Year results will be released on 13 March 2018.
Charles Skinner, Chief Executive of Restore, commented:
“Our full year results will show further significant year-on-year growth in revenue, profits and earnings per share. This reflects the successful integration of PHS Data Solutions, acquired in August 2016, and a strong underlying performance by our businesses. We continue to have an excellent platform for further profitable growth with strong visibility of earnings.”
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