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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Restore plc    RST   GB00B5NR1S72

RESTORE PLC

(RST)
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Delayed Quote. Delayed London Stock Exchange - 10/16 11:51:28 am
424.575 GBp   -1.38%
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Restore : Year End Trading Update

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01/14/2019 | 02:10am EDT

14 January 2019

Restore plc

Year End Trading Update

Restore plc, the UK office services provider ('Restore' or 'the Group'), reports that trading for the year ended 31 December 2018 was broadly in line with expectations and that the Group will deliver its ninth successive year of double-digit earnings growth.

Earnings growth continued to be driven primarily by Restore Records Management, which comprises the majority of the Group's profit. TNT Business Solutions, acquired in May 2018, performed in line with expectations and is providing Restore Records Management and other parts of the Group with many additional growth opportunities, particularly in the public sector. Restore Datashred, our shredding business which is one of the two main operators in the UK market, experienced lower volumes than budgeted over the course of the year. Restore Digital, which now includes the majority of the former TNT Business Solutions scanning business, performed satisfactorily.

Restore Harrow Green, our market-leading office relocation business, continued to achieve year-on-year growth in revenue and profit. Restore Technology, which provides an expanding range of IT lifecycle services including asset disposal, asset management and relocation, continued to increase its presence in what remains a fragmented and immature market.

The Group's Full Year results will be released on 18 March 2019.

Charles Skinner, Chief Executive of Restore, commented:

'I am pleased that the final set of results under my leadership will show further strong year-on-year growth in revenue, profits and earnings per share. Restore is a well-invested business which has leading positions in attractive and coherent markets. It has an excellent platform for further profitable growth with good visibility of earnings.'

For further information, please contact:

Restore plc

Charles Skinner, Chief Executive

07966 234 075

Adam Councell, Group Finance Director

07860 402 434

Cenkos Securities

020 7397 8900

Nicholas Wells

Harry Hargreaves

FTI Consulting

020 3727 1340

Nick Hasell

Alex Le May

This information is provided by RNS

The company news service from the London Stock Exchange

END

Disclaimer

Restore plc published this content on 14 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 January 2019 07:08:02 UTC

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Financials (GBP)
Sales 2019 213 M
EBIT 2019 46,4 M
Net income 2019 22,0 M
Debt 2019 88,4 M
Yield 2019 1,65%
P/E ratio 2019 23,2x
P/E ratio 2020 14,2x
EV / Sales2019 2,90x
EV / Sales2020 2,68x
Capitalization 528 M
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Technical analysis trends RESTORE PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price 480,00  GBp
Last Close Price 425,00  GBp
Spread / Highest target 21,2%
Spread / Average Target 12,9%
Spread / Lowest Target 5,88%
EPS Revisions
Managers
NameTitle
Charles Edward Bligh Chief Executive Officer & Executive Director
Martin George Towers Non-Executive Chairman
Sharon Baylay Senior Independent Non-Executive Director
James Christie Falconer Wilde Independent Non-Executive Director
Susan Jane Davy Independent Non-Executive Director
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