Mountfield Group plc Trading Statement (0945M)
19 Gennaio 2021 - 8:00AM
UK Regulatory
TIDMMOGP
RNS Number : 0945M
Mountfield Group plc
19 January 2021
19 January 2021
Mountfield Group Plc ("Group" or "Company")
Trading Statement
Mountfield Group Plc, the AIM quoted commercial flooring and
specialist construction company, provides the following update in
respect of its current trading.
The Group's recent trading statements have referenced the
difficult trading conditions that the Group and its subsidiaries
have faced as a result of the lockdown and the changes in workplace
regulations that followed the first attempt to control the spread
of COVID-19 in March 2020.
Although the beginning of the Government's mass vaccination
campaign brings hope for an improvement to the Group's trading in
the medium term, the extent of any improvement remains uncertain as
it is unclear what impact the pandemic will have on the longer-term
demand for its services in connection with the construction of data
centres and City office space, two areas that drove the substantial
increase in the Group's profitability in recent years.
Management accounts for the second half of 2020 demonstrate the
impact of the pandemic on the Group in that it achieved a level of
profitability lower to that for the first half. With reduced levels
of demand, current trading performance would not indicate an
improvement from that reported for the first six months of
2020.
As a result of the difficult trading conditions and the
uncertainty as to which areas of construction will be in demand
following the pandemic, the Board is considering making structural
changes to the Group to improve shareholder value.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014
For further information, please contact:
Mountfield Group Plc 01268 651 516
Peter Jay, Chairman
Cairn Financial Advisers LLP 020 7213 0880
Jo Turner / Sandy Jamieson
Forward Looking Statements
Certain statements in this announcement, are, or may be deemed
to be, forward looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe",
"could", "should", "envisage", "estimate", "intend", "may", "plan",
"potentially", "expect", "will" or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward-looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements re ect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.
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END
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