{"id":6170,"date":"2025-06-24T07:46:54","date_gmt":"2025-06-24T07:46:54","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=6170"},"modified":"2025-06-24T07:46:54","modified_gmt":"2025-06-24T07:46:54","slug":"mears-set-to-beat-profit-forecasts-after-strong-first-half","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/mears-set-to-beat-profit-forecasts-after-strong-first-half\/","title":{"rendered":"Mears set to beat profit forecasts after strong first half"},"content":{"rendered":"<p data-start=\"297\" data-end=\"428\">Mears is on track to beat market expectations for the year after a strong start to 2025 supported by growth in housing maintenance work<\/p>\n<p data-start=\"297\" data-end=\"428\">The housing sector services specialist said group profit before tax for the first half will come in \u201cmodestly ahead\u201d of 2024, buoyed by growing demand for maintenance work and a full year of contract wins holding firm.<\/p>\n<p data-start=\"650\" data-end=\"803\">Revenue and adjusted pre-tax profit for the full year are now expected to hit at least \u00a31bn and \u00a354m, respectively \u2013 ahead of previous forecasts.<\/p>\n<p data-start=\"650\" data-end=\"803\">\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"163817\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=http%3A%2F%2Fwww.constructionenquirer.com%2Fdirectory%2F%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"https:\/\/www.constructionenquirer.com\/wp-content\/uploads\/enquirer_directory_mpu.gif\"\/><\/a><\/div>\n<\/div>\n<p data-start=\"805\" data-end=\"1010\">Growth has been led by its Maintenance arm, where tighter regulation is prompting more spend from social landlords. The division has also benefited from 100% contract retention over the past 12 months.<\/p>\n<p data-start=\"1385\" data-end=\"1470\">The group will publish interim results for the six months to 30 June in early August.<\/p>\n<p data-start=\"1385\" data-end=\"1470\">\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"485184\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=https%3A%2F%2Fwww.vpgroundforce.com%2Fgb%2Fpiling-equipment%2F%3Futm_source%3Dconstruction_enquirer_advert%26utm_medium%3Dmpu%26utm_campaign%3Dmpu_cequirer_october%23enquire+%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"https:\/\/www.constructionenquirer.com\/wp-content\/uploads\/Piletec MPU Ad 300_250px.gif\"\/><\/a><\/div>\n<\/div>\n<p data-start=\"1385\" data-end=\"1470\">\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"492636\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=https%3A%2F%2Fwinchmorebrickwork.co.uk%2Fabout-us%2F%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"https:\/\/www.constructionenquirer.com\/wp-content\/uploads\/WINChMORE_JOBS_MPU.gif\"\/><\/a><\/div>\n<\/div>\n<p data-start=\"1385\" data-end=\"1470\">\n<p>from Construction Enquirer https:\/\/ift.tt\/RbAlX9q<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mears is on track to beat market expectations for the year after a strong start to 2025 supported by growth in housing maintenance work The housing sector services specialist said group profit before tax for the first half will come in \u201cmodestly ahead\u201d of 2024, buoyed by growing demand for maintenance work and a full [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":155,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-6170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/6170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=6170"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/6170\/revisions"}],"predecessor-version":[{"id":6171,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/6170\/revisions\/6171"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/147"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=6170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=6170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=6170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}