Engineering services group trading in line with expectations

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

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

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

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

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