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Restore plc – “on track to deliver growth in revenue and operating profits”…but how significantly and what about the bottom-line?

By Steve Moore | Monday 15 May 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

A trading update from company which describes itself as “the UK's leading provider of digital and information management and secure lifecycle services” Restore plc (RST) commences noting “revenue for the first four months at £92.8m, has continued to increase, up c.4% on the prior year” and concludes that it “is on track to deliver growth in revenue and operating profits for the year and achieve a further reduction in debt”. So what of a current share price towards 260p, down more than 11% in response?
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