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Renew Holdings hits sales milestone and raises dividend

The infrastructure repair and improvement specialist is in pole position for spending increases to get Britain's roads, pipes and railways up to scratch
Renew Holdings hits sales milestone and raises dividendPublished on November 26, 2024
  • Renew Holdings raises final dividend to 12.67p
  • New water and rail regulatory periods to bring in more work

Fixing Britain’s road, rail and water infrastructure is certainly the business to be in. Renew Holdings (RNWH) reported new highs in sales and operating profit for the 12 months to 30 September, at £1bn and £71mn respectively. The billion-pound mark for sales came from organic growth of 16.6 per cent and an overall improvement of almost a fifth, thanks to acquisitions in the past year to bolster road, grid and nuclear work. A new addition in the current period is onshore wind specialist Full Circle. 

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