Renew Holdings PLC
LSE:RNWH
Renew Holdings PLC
Renew Holdings Plc engages in the provision of engineering services to maintain and develop energy, environmental and infrastructure markets. The company is headquartered in Leeds, West Yorkshire and currently employs 3,630 full-time employees. The firm operates through Engineering Services, Specialist Building and Central activities. The Engineering Services segment comprises the Company’s engineering activities, which are characterized by the use of the Company’s engineering workforce, supplemented by subcontractors in a range of civil, mechanical and electrical engineering applications. The Specialist Building segment comprises the Company’s building activities, which are characterized by the use of a supply chain of subcontractors to carry out building works under the control of the Company as principal contractor. The Central activities segment includes the sale of land, the leasing and subleasing of some United Kingdom properties and the provision of central services to the operating subsidiaries. The firm's markets include rail, infrastructure, energy and environmental.
Renew Holdings Plc engages in the provision of engineering services to maintain and develop energy, environmental and infrastructure markets. The company is headquartered in Leeds, West Yorkshire and currently employs 3,630 full-time employees. The firm operates through Engineering Services, Specialist Building and Central activities. The Engineering Services segment comprises the Company’s engineering activities, which are characterized by the use of the Company’s engineering workforce, supplemented by subcontractors in a range of civil, mechanical and electrical engineering applications. The Specialist Building segment comprises the Company’s building activities, which are characterized by the use of a supply chain of subcontractors to carry out building works under the control of the Company as principal contractor. The Central activities segment includes the sale of land, the leasing and subleasing of some United Kingdom properties and the provision of central services to the operating subsidiaries. The firm's markets include rail, infrastructure, energy and environmental.
Record Results: Renew Holdings reported another set of record results, with revenue, profit, and cash generation all exceeding market expectations.
Revenue & Profit Growth: Revenue rose 7% to GBP 849 million, operating profit increased 15% to GBP 58.8 million, and EPS grew 18% to 59.5p.
Margin Improvement: Operating margin improved to 6.9%, up from 6.5% last year, driven by project mix and operational efficiencies.
Dividend Increased: The final dividend was raised to 11.33p, bringing the full year dividend to 17p.
Strong Balance Sheet: The company shifted from net debt to a net cash position of GBP 20.2 million and fully repaid its term loan.
Strategic Acquisition: Acquired Enisca, a water engineering specialist, to expand its environmental and water sector capabilities.
Resilient Business Model: Management emphasized the resilience of the company’s model against macroeconomic and geopolitical headwinds, with a strong and conservatively reported order book.
