Restore (LON: RST) has been resilient this year and remains highly profitable. The share price does not reflect this because it does not take account of the recurring revenues generated by document storage, which is a long-term requirement whether or not offices are open.
Shredding, scanning services and office moves operations are more dependent on office activity, so they have been harder hit. Management says that shredding is the only part of the business where recovery has still some way to go.
The document storage operations are set to grow this year. Overall, group revenues are run...
