2nd Nov 2023 09:21
Morgan Sindall Group PLC - London-based construction and regeneration company - Says it remains on track to deliver full year performance in line with its expectations despite challenging marker conditions. Says its Construction and Infrastructure divisions have performed better than expected, with both continuing to benefit from their "ongoing focus on long-term client relationships, operational delivery and risk management". Adds that Fit Out division has continued to trade strongly and is "well-placed" to deliver a full year result "slightly above" the top end of its medium-term target of a range of GB50 million to GBP70 million in annual operating profit.
Chief Executive Officer John Morgan says: "General market conditions remain challenging yet manageable. Against this backdrop, our high-quality secured order book and our operational delivery capabilities give us great confidence for the rest of the year, and we're on track to deliver a full year performance which is in line with our expectations."
Current stock price: 1,948.00 pence, up 2.6%
12-month change: up 29%
By Sabrina Penty, Alliance News reporter
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