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Mouchel to deliver full year results in line with expectations

Mouchel Group said it will deliver full year results in line with its expectations in October.

The group remains confident about its long term prospects given a strong order book, healthy bidding pipeline and sustained public expenditure.

In a trading update released today the consulting and business services group said its order book stood at £1.9 billion at 31 July 2009.

Mouchel said it had now substantially withdrawn from the rail sector and is in the process of finishing its work for Network Rail.

The group added that it has made progress in collecting outstanding receivables in Dubai and it aims to have this resolved by the time it announces its preliminary results for the year ended 31 July 2009 in October.

It has also now completed the right-sizing of its management consulting business and appointed a new management team.

The group will announce its preliminary results for the year ended 31 July 2009 on Tuesday 6 October 2009.