30th Jun 2022 14:32
Mears Group PLC - housing and social care provider - Says revenue levels in the first half of 2022 are ahead of the previous year, as operating margin improves. Notes "sustained higher levels" of management-led acitivity, and "excellent" cash generation. Reports earnings before interest, tax, depreciation and amortisation to operating cash conversion "in excess" of 100%, and an average daily net positive cash position throughout the six-month period. Reaffirms confidence in outlook for full-year. Firm brought in sales revenue of GBP443.7 million in the first half of 2021 and Ebitda of GBP38.6 million. Read More
