News

Regenersis Announces Vesa Keranen As New Managing Director of Mobile Sector

Wed, 04 Apr 2012 10:34:04 GMT

Regenersis PLC Interim Results For The Six Months Ended December 31 2011

Mon, 12 Mar 2012 18:36:23 GMT

Regenersis plc

Interim Results for the six months ended 31 December 2011

Regenersis plc (LSE AIM: RGS) (“Regenersis” or the “Group”), a strategic outsourcing partner to many of the world’s leading consumer technology companies, is pleased to announce interim results for the six months ended 31 December 2011, which demonstrate good momentum in the business and reflect the strong progress already made in executing on the Group’s new strategy.

Financial Highlights

Group revenue increased 15.9% to £69.9 million (2010: £60.3 million)
Headline operating profit(*) increased 18.3% to £3.8 million (2010: £3.2 million)
Operating profit remained at £2.9 million after acquisition related costs
Operating cash flow increased to £1.6 million (2010: £0.7 million)

o Improved control of working capital

Net debt was £4.1 million (December 2010: £4.4 million)

Operational Highlights

Entry into two new emerging markets, South Africa and Turkey.
Significant multi-year contract secured for roll-out of in-field diagnostic testers with Virgin Media

o First US trial for in-field diagnostic testers also secured

Rapid growth in the B2B business
Significant performance improvement from turnaround focus at UK Depot Solutions
Acquisition of the Nordic business formerly owned by Anovo
Bank facility increased to £23.25 million from £15 million in anticipation of further potential corporate development opportunities

(*) Headline operating profit excludes exceptional restructuring costs, amortisation or impairment of acquired intangible assets, share-based payments and share of results of jointly controlled entities.

Regenersis’ Executive Chairman, Matthew Peacock, commented:

“The results of this first, full half year under the new board are pleasing. They demonstrate that our plans to deliver a step-up in operational and financial performance are beginning to take effect, driven by turnaround action in the underperforming UK business and by good contractual growth in Western Europe.

We have also made strong progress in establishing a solid platform for future growth. We have established new businesses in high growth markets such as Turkey and South Africa, signed a key multi-year contract to launch our in-field diagnostic tester, and acquired a new business in the Nordic market. Given this progress, the Board looks forward to the second half of the year and beyond with confidence.”

Click on this link to download a full copy of the Interim Results.

Regenersis Acquires ANOVO Nordic

Wed, 25 Jan 2012 09:30:17 GMT

Kevin Bradshaw Appointed as Non-Executive Director

Thu, 12 Jan 2012 07:22:13 GMT

Regenersis Half Year Trading Update

Thu, 12 Jan 2012 07:18:21 GMT

Regenersis plc Preliminary Results for the Year Ended 30 June 2011

Wed, 28 Sep 2011 07:21:04 GMT

Regenersis Appointments New Group Sales Director

Tue, 12 Jul 2011 17:12:02 GMT

Regenersis to Provide BT Mobile with End-to-End Reverse Logistics, Repair and Returns Management, and Technical Contact Centre from Inchinnan (Glasgow) Facility.

Fri, 08 Jul 2011 09:45:03 GMT

Trading and Strategic Update

Tue, 28 Jun 2011 07:59:10 GMT

Business Update

Tue, 31 May 2011 08:24:18 GMT

Regenersis Opens New Facility in Warsaw to Support Rapid Growth and Customer Expansion

Thu, 19 May 2011 09:50:35 GMT

Interim Results For The Six Months Ended 31 December 2010

Fri, 18 Mar 2011 07:22:15 GMT

Appointment of Tom Russell as Non-Executive Director

Tue, 08 Mar 2011 08:42:01 GMT

Board Change - Gary Stokes

Tue, 08 Mar 2011 08:40:12 GMT

Changes to the Regenersis Board of Directors

Tue, 08 Feb 2011 00:00:00 GMT

Regenersis Helps Consumers by Providing Replacement Phones and Laptops

Mon, 31 Jan 2011 07:49:31 GMT

LG Electronics Customer Care Centre, Operated by Regenersis, Ranks Top in Call Centre League Table

Thu, 20 Jan 2011 00:00:00 GMT

Regenersis Receives Highest Level of Accreditation from Sony Ericsson

Mon, 13 Dec 2010 14:04:37 GMT

TomTom and Regenersis Extend Collaboration for a Further Three Years for Market-Leading, Pan-European Refurbishment Programme

Wed, 24 Nov 2010 06:53:35 GMT

Bucharest Facility Selected as Centre of Excellence by Leading Eastern European Telecoms Provider - RCS & RDS

Mon, 22 Nov 2010 06:58:26 GMT