Mountfield's order book hits record highs
Construction services outfit Mountfield has secured a record amount of work for this point in its trading year, with demand for its services remaining high.
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As of 31 January, Mountfield had locked in £10m worth of work, ahead of the £8.8m recorded in its previous trading year, leading the group to its highest recorded turnover since its admission to AIM in 2008.
Mountfield acknowledged that whilst much of the construction industry had been impacted by the "unresolved" Brexit negotiations, it had continued to experience "buoyant" demand for its services, something it said was reflected in the increased value of its secured work.
Looking forward, Mountfield's board assured investors it was "confident" it would produce "another strong performance" in 2019 as a result of the record amount of work secured it had secured.
Mountfield CAF flooring subsidiary reported another year of growth, with an order book standing at roughly £3m, while its construction services unit MBG saw its order book swell around 204% year-on-year to £7m.
Chief executive Andy Collins said: "We are delighted that the group performed so well in 2018.
"Both CAF and MBG delivered the strong performance that the directors expected and we believe that the quality and strength of the group's client base will result in further projects secured and continued growth."
As of 0840 GMT, Mountfield shares had picked up 6.67% to 1.60p.