Restore (AIM:RST) told investors it remains confident it will deliver adjusted profit before tax for the full year in line with market expectations after robust trading in the four months ended 30 April.
Revenues increased significantly, reflecting both the contribution from acquisitions completed during the prior year and organic growth, with organic revenue growth particularly strong across digitisation, outbound communications and IT recycling while the Group's core document storage business continued to benefit from highly stable revenues and earnings and operating margins remained strong across each division and in line with plans.
During the Period the Group completed three bolt-on acquisitions within its Datashred division, Russell Richardson & Sons, Paper Shredding Services and the trade and assets of RDS Confidential Shredding, for an aggregate cash consideration of approximately £3.5m and said it continues to review further bolt-on opportunities.
Restore said the £20m share buyback programme announced in March has been launched and is progressing to plan, and it will publish results for the six months ended 30 June on 28 July.
