Mears Group (MER.L) releases favourable trading update stating they expect full year performance to be inline with management expectations and also that they will have strong cash performance.
The current order book stands at £3.8 billion and the bid pipeline remains at £3.0 billion. The Group has 90% visibility of consensus revenue forecast for 2014 from continuing operations of £911 million.
Commenting, David Miles, Chief Executive, Mears Group, said:
“I am delighted with the progress Mears has made in 2013. Revenue visibility, order book and the bid pipeline all remain strong.
“The UK Care market is going through a period of significant change and I am proud of the robust business we have established. Mears will continue to be at the forefront of change in the sector in 2014 and beyond.
“With Mears now focussed solely on Social Housing and Domiciliary Care, I am delighted to report that we continue to achieve high levels of service delivery and customer satisfaction. The quality of our service delivery continues to be our key differentiator and underpins our success in bidding new contracts in both of our core growth sectors.”
Mears Group (MER.L) releases favourable trading update stating they expect full year performance to be inline with management expectations and also that they will have strong cash performance.
The current order book stands at £3.8 billion and the bid pipeline remains at £3.0 billion. The Group has 90% visibility of consensus revenue forecast for 2014 from continuing operations of £911 million.
Commenting, David Miles, Chief Executive, Mears Group, said:
“I am delighted with the progress Mears has made in 2013. Revenue visibility, order book and the bid pipeline all remain strong.
“The UK Care market is going through a period of significant change and I am proud of the robust business we have established. Mears will continue to be at the forefront of change in the sector in 2014 and beyond.
“With Mears now focussed solely on Social Housing and Domiciliary Care, I am delighted to report that we continue to achieve high levels of service delivery and customer satisfaction. The quality of our service delivery continues to be our key differentiator and underpins our success in bidding new contracts in both of our core growth sectors.”
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