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Record rail activity for Renew

29 Jan 14 An upbeat trading statement from engineering group Renew reveals that it has never been busier in the rail sector and the group order book is 27% up on last year.

Renew chairman Roy Harrison said: 鈥淭rading for the first quarter of the year has been strong and well ahead of the comparative position last year.

鈥淚n Specialist Engineering, 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. In 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.

He added: 鈥淚n Specialist Building, our businesses in High Quality Residential and New Build Affordable Housing have both performed in line with expectations and potential future work lists continue to offer excellent opportunities.鈥

The group order book at 31 December 2013 stood at 拢433m (31 Dec 2012: 拢340m). The Engineering Services order book stood at 拢306m, up 25% on the 拢245m of a year before.

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