Renew Holdings Faces Rail Sector Challenges While Environmental Sector Surges

Renew Holdings plc ( (GB:RNWH) ) has shared an update.

Renew Holdings plc has reported a trading update indicating challenges in its Rail sector due to the slow start of the Control Period 7. This has led to expectations of full-year trading falling below market expectations, although adjusted operating profit is anticipated to surpass the previous year’s figures. Despite these challenges, the Environmental segment, particularly in Water, is performing well, with promising momentum as it approaches the new control period AMP8. The integration of recent acquisitions is progressing as planned, and the company’s order book has reached a record level, ensuring long-term visibility.

More about Renew Holdings plc

Renew Holdings plc is a prominent UK-based Engineering Services company that plays a vital role in ensuring the efficient and safe operation of national infrastructure. The company operates through various subsidiaries, focusing on key areas such as Rail, Infrastructure, Energy, and Environmental services. These sectors are primarily regulated and benefit from essential spending with long-term funding commitments.

YTD Price Performance: 0.77%

Average Trading Volume: 165,882

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £721.9M

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