Business
Half Year Trading Update
Half Year Trading Update.
About this update from Restore Plc
[{"type":"text","content":"\n \nRNS Number : 3691V Restore PLC 23 July 2018 \n\n \n23 July 2018\nRestore plc\n \nHalf Year Trading Update\n \nRestore plc (\"Restore\" or \"the Group\"), the UK office services provider, today issues a trading update for the six months ended 30 June 2018. \n \nTrading for the first half of 2018 was in line with management expectations. \n \nIn our Document Management division, Restore Records Management traded steadily. As expected, we witnessed higher destruction and removal rates in the period as customers reviewed their GDPR obligations. After a slow start to the year, Restore Datashred's performance improved strongly towards the end of the period, partly due to increased GDPR-related activity. Restore Digital traded well particularly at the end of the period when its major seasonal scanning contract was executed successfully. Our Relocation division traded satisfactorily led by a solid performance from Restore Harrow Green and our IT recycling business continuing to perform well.\n \nThe business and assets of TNT Business Solutions, which were acquired on 30 April 2018, performed in line with management expectations. Following completion of the acquisition, an initial enforcement order was issued by the Competition and Markets Authority which prevented the integration of the business. This order has now been lifted and the integration will proceed in the second part of the year.\n \nThe Group's Half Year results will be released on 17 September 2018.\n \n \nFor further information please contact:\n \n\n\n\n\nRestore plc \n\n\n\n\nCharles Skinner, Chief Executive \n\n\n07966 234 075 \n\n\n\n\nAdam Councell, Group Finance Director \n\n\n07860 402 434 \n\n\n\n\n \n\n\n \n\n\n\n\nCenkos Securities \n\n\n020 7397 8900\n\n\n\n\nNicholas Wells\n\n\n\n\n \n\n\n \n\n\n\n\nFTI Consulting \n\n\n\n\nNick Hasell \n\n\n020 3727 1340\n\n\n\n\nAlex Le May\n\n\n \n\n\n\n\n \n\n \n \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.r...