Mountfield Group plc Contract Wins of £900,000 at CAF (1063P)

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RNS Number : 1063P

Mountfield Group plc

24 May 2018

24 May 2018

Mountfield Group Plc

and its subsidiary Connaught Access Flooring Limited ("CAF" and "the Company")

Contract Wins of GBP900,000 at CAF

The Directors of Mountfield Group Plc are delighted to announce that CAF has been awarded two new contracts with an aggregate value in excess of GBP900,000. These contracts bring the total value of work secured by CAF in 2018 to GBP8.5m, a record high for the Company.

The first contract has a value of approximately GBP500,000 (6.0m SEK) for a long-standing client of CAF and the contract (to be undertaken in Sweden) relates to the installation of raised access flooring in a data centre, work for which CAF has long established itself as a market leader.

The other contract, to be undertaken with a new client, is for raised floor and acoustic flooring work and forms part of a refurbishment project in Docklands, East London. The value of the works is approximately GBP425,000.

Work on both contracts has already started and is expected to be completed within this financial year.

Andy Collins, CEO of Mountfield Group said:

"We are very pleased to have the opportunity to work again in Scandinavia, a region where we have extensive experience and in which we expect to be involved in similar works in the near future.

I am also delighted to note that the value of the work that CAF has secured in 2018 has now reached GBP8.5m, in itself a record high for the Company for a whole year."

For further information, please contact:

 
 Connaught Access Flooring 
  Limited                      01245 237527 
 Peter Jay, Chairman           07500 558235 
 
 
 
 Cairn Financial Advisers 
  LLP                          020 7213 0880 
 Jo Turner / Tony Rawlinson 
 
 

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May 24, 2018 02:01 ET (06:01 GMT)