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Mears Group Plc ( (GB:MER) ) just unveiled an announcement.
Mears Group PLC reported a strong financial performance for the year ended December 31, 2024, with a 4% increase in revenue to £1,132.5 million and a 37% rise in profit before tax to £64.1 million. The company secured significant contracts, including a new one with North Lanarkshire Council and another with Moat Housing Association, boosting its order book to £3.0 billion. Mears’ strategic update outlines objectives to strengthen its market position, deliver organic growth, and enhance compliance and operational expertise. The company has made a strong start to 2025, expecting to exceed market expectations.
More about Mears Group Plc
Mears Group PLC is a leading provider of services to the housing sector in the UK, managing and maintaining around 450,000 homes across the country. The company primarily works with Central and Local Government through long-term contracts, focusing on property management, maintenance services, and broader housing solutions. Mears aims to create value for customers and communities through innovative approaches, while ensuring sustainable financial returns for shareholders.
YTD Price Performance: 0.69%
Average Trading Volume: 323,649
Technical Sentiment Signal: Sell
Current Market Cap: £290M
Learn more about MER stock on TipRanks’ Stock Analysis page.