4 July 2023 - trading update
The AIM-listed records management and digital business has issued a disappointing trading update with weakness in the Technology business more than offsetting growth in the records management business. The former has seen a reduction in demand for certain services, particularly bulk digital scanning, whilst the price of recycled shredded paper has fallen significantly in the last month with this trend expected to continue in the second half of the year. As a result, adjusted pre-tax profits for the year will be lower than previously expected at around £31m. Recent increases in interest rates . . .
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