2nd Nov 2015 07:49
LONDON (Alliance News) - Construction services company Morgan Sindall Group PLC on Monday said its expectations for 2015 remain unchanged following a solid second half so far.
The company said it has seen continued positive trading across the group in the second half of 2015, with an improvement in the quality of its overall order book. Its committed order book at the end of the third quarter on September 30 was GBP2.7 billion, up 1.0% since the start of the year.
Construction & Infrastructure trading has gradually improved, the company said, with further progress made on closing out lower-margin contracts in London and the South East.
Fit Out activity has been strong, with activity in the second half broadly in line with the first, while Morgan Sindall said Affordable Housing business has been making progress, with a large proportion of its open market house sales due to take place in the fourth quarter.
The Urban Regeneration business has continued to trade in line, while Morgan Sindall said its Investments unit also is trading in line with previous guidance.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Morgan Sindall Group