Firm reports record levels of activity in the rail and nuclear sectors
Engineer Renew has reported a 27% increase in its order book as its rail and nuclear businesses business reported 鈥渞ecord levels of activity鈥�.
In a statement to the City ahead of the group鈥檚 annual general meeting today, the group reported its order book at 31 December 2013 was 拢433m, 27% up on last year, when it was 拢340m.
The firm鈥檚 engineering services division performed particularly well increasing its order book by 25% to 拢306m at the end of 2013, from 拢245m a year before.
Roy Harrison, chair of Renew, said trading in the three months since 30 September 2013 had been 鈥渟trong鈥�.
He said: 鈥淚n [the] specialist engineering [sector], a strong performance has been seen in all markets but particularly so in infrastructure where our rail business has been experiencing record levels of activity.
鈥淚n the environmental market, Lewis, the water subsidiary based near Cardiff, which was acquired in August 2013, is performing ahead of expectations, as is Seymour, our water business in the North East. In energy, revenue in nuclear has also been at record levels.鈥�
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