Mears Group PLC
10 January 2007
MEARS GROUP PLC
Trading update
Wednesday 10th January 2007
The Board is pleased to announce that the trading results for the year ended
31 December 2006 will be at the upper end of market expectations. Since our
interim announcement in August 2006 we have secured a number of significant
contract awards with a total value in excess of £100m. These contracts include
Brighton & Hove City Council and Bedfordshire Pilgrims HA.
The order book remains at over £1 Billion and the Group continues to enjoy a
healthy pipeline of both outstanding tenders and future opportunities. 94% of
the market consensus turnover for 2007 has already been contracted to the Group
and some 84% of the 2008 projection is secured.
Cash collection has remained strong and combined with a sound balance sheet this
provides a very stable platform for predictable future growth. We continue to
seek quality businesses with the potential to help us further our strategic
objectives and improve or broaden our services.
The Directors remain confident in the future prospects for the Group.
For further information, please contact:
Bob Holt, Chairman 07778 798 816
Stuart Black, Chief Executive 07971 151 320
David Robertson, Finance Director 07887 705 357
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.