Restore not saved by 2018 update

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Restore not saved by 2018 update
Master Investor Magazine 46 cover

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AIM-listed relocation and documentation specialist Restore (LON:RST) has seen its shares drop by 12.40% to 339p (as of 13:00 GMT) despite saying results for the year ended 31st December were in line with expectations. The records management division continued to be the main driver of revenue growth, but the shredding business recorded lower volumes than budgeted.

Chief executive Charles Skinner said: “I am pleased that the final set of results under my leadership will show further strong year-on-year growth in revenue, profits and earnings per share. Restore is a well-invested business which has leading positions in attractive and coherent markets. It has an excellent platform for further profitable growth with good visibility of earnings“.

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