Last checked at 25 Jun 2010 17:22
25 June 2010
Mears Group PLC
("Mears" or "the Group")
Statement re Price Movement
Mears notes the announcement made by Connaught regarding the delays in contracts within Social Housing and reflective share price movements.
Mears is pleased to announce that they have not experienced such delays as a result of the Emergency Budget, and current trading remains in line with management expectations.
Mears is continuing to deliver strong trading across all divisions with an order book which currently stands at GBP2.5 billion with secured revenues of 91% of consensus forecast for the current year.
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| Enquires |
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| Mears Group PLC |
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| Bob Holt, Chief Executive | Tel: +44(0)7778 798 816 |
| Andrew Smith, Finance Director | Tel: +44(0)7712 866 461 |
| IR - Hansard Communications |
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| John Bick | Tel: +44(0)7872 061007 |