Mountfield Considers "Structural Changes" As Trading Remains Tough

(Alliance News) - Mountfield Group PLC on Tuesday said it is considering making "structural changes" in the face of continued difficult trading conditions and uncertainty over future demand.

The flooring and construction firm referred to its past statements on the difficult conditions it has faced due to the lockdowns and changes in workplace regulations since the first restrictions to curb the spread of Covid-19 in March 2020.

Although the start of the UK government's vaccination campaign has given Mountfield optimism for trading in the medium term, it still remains unclear on the effect the pandemic will have on longer-term demand for the group's services, particularly on the construction of data centres and office space in the city.

Mountfield said that for the second half of 2020, it achieved a level of profitability lower than that of the first half.

Shares in Mountfield were down 33% at 0.402 pence on Tuesday in London.

By Dayo Laniyan; dayolaniyan@alliancenews.com

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