Renew Holdings Forecasts FY 2021 Adjusted Profit Ahead of Market
By Adam Clark
Renew Holdings PLC said Tuesday that it expects its fiscal 2021 results to be materially ahead of market expectations.
The U.K. engineering-services company said its adjusted operating profit for its year ending Sept. 30 is expected to be no less than 50 million pounds ($69.2 million) versus a current consensus forecast of GBP45.8 million.
“The group has continued to deliver a strong trading performance, driven by ongoing demand for its critical asset maintenance and renewals services, and continued operational progress across its diversified Engineering Services end markets,” Renew said.
Write to Adam Clark at adam.clark@dowjones.com
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