Mountfield Group to report full year growth for 2012

AIM-listed Mountfield Group cheered investors on Thursday with the news it expects its results for 2012 to show a return to profitability, despite an adverse impact on second half revenue and profit as a result of issues encountered on a substantial office construction contract.

AIM-listed Mountfield Group cheered investors on Thursday with the news it expects its results for 2012 to show a return to profitability, despite an adverse impact on second half revenue and profit as a result of issues encountered on a substantial office construction contract.

It also announced that its specialist data centre flooring company is currently in final negotiations concerning a £3.0m contract to supply and fit the flooring for the first stage of a major European data centre.

Furthermore, the company has been awarded the second phase of the DCE Birmingham project and a further contract extension is expected for a data centre at Cody Park, Farnborough. Both of these contract extensions, which have a combined value of approximately £2.0m, are scheduled for completion in the current year, with potential for MBG to secure further stages.

Graham Read, Chief Executive Officer, said: "We are encouraged by the flow of new work we are experiencing, and new contract tenders have increased markedly during the last three months. I am particularly encouraged by Mountfield's performance in winning follow-on work on multi-stage projects as well as new projects."

NR

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