skip to content

Trading statements

Mears Group delivers strong FY trading performance

12 January 2016 07:44

Mears Group said it continues to deliver a solid trading performance and anticipates reporting FY results in line with management expectations.

"The Group has 94% visibility of the market consensus revenue forecast for 2016 of £975 million (2015: 92%). This is ahead of recent years, reflecting the strong progress made in new contract bidding," it said.

"The Group continues to see a strong performance in its Housing division, which accounts for 80% of Group revenues, compared with the more challenging environment within the Care division.

"Strong working capital management continues to benefit the Group with a net cash position anticipated as at 31 December 2015."

Story provided by StockMarketWire.com

Related Company: MER

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.