Restore reports positive start to year
By Josh White
Date: Tuesday 13 May 2025
(Sharecast News) - Restore said in an update on Tuesday that trading was positive in the first four months of 2025, with revenue growth supported by its core storage operations and high levels of contracted recurring income.
The AIM-traded company, which provides secure business services across data, communications and asset management, said it remained on track to meet full-year expectations, with all divisions set to deliver higher adjusted operating profit.
It also advanced its inorganic growth strategy with three acquisitions during the period, having acquired document management specialist Synertec for £22m in March, with integration progressing as planned.
In April, Restore expanded its Datashred division through the £7.9m acquisition of Shred-on-Site, expected to add around £3.5m in revenue this year, and a smaller £0.3m deal for the assets of Shred First UK.
The company said it remained well positioned for further organic and acquisitive growth, and would publish its half-year results on 29 July.
At 1053 BST, shares in Restore were up 0.24% at 248.6p.
Reporting by Josh White for Sharecast.com.
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