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Restore lifts guidance as profits set to beat consensus

(Sharecast News) - Support services company Restore said on Tuesday that it was on track to deliver a strong full-year trading performance, with adjusted pre-tax profits expected to come in ahead of market consensus and operating margins set to surpass its 20% target. Restore stated storage revenues had continued to grow, supported by inflation‑linked pricing and property consolidation, and also said the integration of recent acquisitions, including Archive Warehouse and a scanning business from NEC Software, was delivering annualised savings of more than £5m, roughly double initial estimates.

Restore pointed to contract wins in medical record scanning, including deals with Oxford University Hospitals and North‑West London GP Practices, while its Synertec unit has been added to a new four‑year NHS Notify framework. Datashred revenues were boosted by higher visit numbers and bolt‑on deals, while profitability in its Technology arm improved as customers resumed hardware refresh cycles and outsourced more IT requirements.

Looking ahead, Restore said FY26 adjusted pre-tax profits were expected to be ahead of current consensus despite a £1m annual increase in business rates from April 2026. Organic growth in digital scanning, communications and Technology was expected to underpin performance, with management confident of continuing to exceed its margin targets.

Seperately, Restore announced the disposal of Harrow Green, the UK's leading commercial relocation company, to Pickfords Move Management subsidiary Bouverie Holdings for a cash consideration of £5.5m, of which £2.0m was contingent on Harrow Green's FY26 performance.

As of 1020 GMT, Restore shares were up 7.75% at 258.60p.

Reporting by Iain Gilbert at Sharecast.com

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