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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."

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