2002 looking good for John Mowlem

John Mowlem & Company PLC has reported today (Thursday) that prospects for the group in 2002 are looking very encouraging.

Speaking at Mowlem's AGM, chairman Charles Fisher said: "The signs for 2002 remain positive. The shape, focus and capability within the Group positions us at the forefront of the market, uniquely placed to meet public and private sector clients' increasing needs to outsource the development and management of their capital assets. 

"The strength, length and diversity of the forward order book also suggest that we remain well placed for the future.

"We entered the year with the order book split roughly 50:50 between the public and private sectors and across a wide range of strongly performing market sectors; with it evenly split between construction and support services; with more than 70% of orders being of a long-term, collaborative, and services nature; and with nearly 50% of orders having a value of less than £10m - thereby carrying lower risk," he said.

"The strength of our current trading, our ability to meet growing customer demand for integrated services and the make-up of our order book gives confidence that Mowlem can continue to exploit opportunities for growth in 2002 and beyond."