Mears Group PLC
27 January 2003
Mears Group PLC
Trading update
The Board of Mears is pleased to announce that trading for the year ended 31
December 2002 is expected to be ahead of market expectations.
This is a result of a continuation of increased turnover, improved operating
margins and controlled costs.
The current year has started well with a strong order book and a sound balance
sheet which form a basis for expected further improvements and expansion in the
support services and related markets.
The full year results will be announced on 2 April 2003.
Commenting on the results Bob Holt, Chairman said: 'The Group is better placed
to maximise the market opportunities than at any time in its history. I am
delighted with our progress to date as we continue to build a strong brand,
profitably in a growing sector. The support services sector has seen a
downgrading as a result of problems experienced by a small number of companies.
We have not been affected by the problems and I believe that Mears will benefit
in the coming months as the investment community at large seek out companies
with quality, cash backed earnings.
The Board of Mears is confident for the year to come.'
Enquiries:
Bob Holt, Chairman
07778 798 816
This information is provided by RNS
The company news service from the London Stock Exchange
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