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Trading statements

Mears Group trading in line with management views

03 June 2015 07:26

Mears Group said it continues to deliver a solid trading performance across both core divisions in line with management expectations.

The Group has now achieved 93% visibility of the £881m consensus revenue forecast for 2015 and 82% visibility of the £930m consensus revenue forecast for 2016 (prior to the acquisition of the Care at Home division of Care UK Limited announced on 1 June 2015).

Mears continues to benefit from its financial strength and the efficiency with which the Group manages working capital.

The Group's revolving credit facility of £120 million is committed until July 2018 and provides sufficient headroom above our current working capital requirements.

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