Engineering services group trading in line with expectations

Engineering services group Renew Holdings boosted its order book by 18% during 2012, the firm’s chairman Roy Harrison will say at the firm’s annual general meeting today.

London stock exchange-listed Renew grew its order book to £340m at 31 December 2012, up from £289m the previous year.

The firm’s engineering services division secured a 24% rise in orders to £245m from £197m the previous year.

Renew also reduced its net debt position from £6.75m, to £4m and said its results were in line with expectation.

The group will announce its full year results on 21 May.