Mountfield : Contract Wins of £900,000 at CAF

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 £900,000 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 £900,000. These contracts bring the total value of work secured by CAF in 2018 to £8.5m, a record high for the Company.

The first contract has a value of approximately £500,000 (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 £425,000.

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 £8.5m, 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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