Restore plc - Harrow Green disposal and forecast upgrades

187 Views09 Dec 2025 17:00

Issuer-paid

SUMMARY

Restore has released a positive trading update this morning, upgrading underlying profit forecasts alongside the sale of the underperforming Harrow Green business to Pickfords for up to £5.5m.
Organic growth prospects for Restore’s continuing businesses are increasingly positive, the recent Synertec acquisition is trading well, and underlying operating margins are already running ahead of the Group’s 20% medium-term target.
On our upgraded FY26 forecasts, Restore is trading on a P/E rating of just 10x, which, in our view, fails to reflect the quality of the Group and its growth prospects.

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