MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


Restore sees double-digit earnings growth, driven by data management

StockMarketWire.com

Office services provider Restore said it expected to post annual results 'broadly in line' with expectations, as a strong performance in its records management business offset weakness at its shredding unit.

Earnings for the year through December were expected to grow by 'double digits', driven primarily by records management, which comprises the majority of company profits, Restore said.

The shredding business, Restore Datashred, experienced lower volumes than budgeted over the course of the year, while other businesses performed as expected.

'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,' chief executive Charles Skinner said.

'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.'

Story provided by StockMarketWire.com