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The Group has performed well and traded resiliently through another lock-down impacted reporting period.
£878.4m
Group revenue (FY2021)
£2.4bn
Order book
£25.6m
Adjusted profit before tax
We entered 2022 with a strong trading and financial position, a good pipeline of work and continued high levels of customer service ." Kieran Murphy Chairman
Final results for 12 months ended 31 December 2021
The FY2021 Results presentation webinar is available as a video which is available on request. If you would like to request to see the presentation, please contact Joe.Thompson@mearsgroup.co.uk
"The positive trading performance across revenues, profits and cash was driven by good pipeline conversion, successful cost management and long-term investment in our people and our systems. The year has started well and Mears is well-positioned to manage the sector-wide inflationary cost pressures. David Miles Chief Executive Officer
Revenue
Our business is in good shape and demand for our specialist range of housing services has never been greater.
Maintenance-led activities saw improving volumes and revenues through the first half.
Management-led activities continued to enjoy elevated volumes throughout period.
Return to dividend list
Board is recommending a final dividend of 5.50p, bringing the full year dividend FY2021 to 8.00p (2020: nil) reflecting continued strong cash performance and positive outlook
