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Infrastructure is continuing to trade strongly, with operational delivery and work mix driving further margin growth. Construction had a strong start to the year, with its secured order book at the end of March up 10% from December, and is expected to improve further. Fit Out reported a very strong trading period and its secured order book at the end of March was 18% higher than in December, while it also has over £400mln of work currently at preferred bidder stage. Morgan Sindall said the division s full-year results are estimated to be “materially” ahead of its medium-term target of £35mln operating profit. ....
22 April 2021 | 09:03am StockMarketWire.com - Construction and regeneration group, Morgan Sindall, is on track to deliver a full year performance which is significantly ahead of its previous expectations. According to the latest trading update covering the first three months of 2021, the company said all divisions have made positive operational and strategic progress in their markets and momentum across the group has continued to increase. In Construction & Infrastructure, the latter has continued to trade strongly, with operational delivery and work mix driving further margin growth. Construction has had a strong start to the year with its secured order book at the end of March up 10% from the year end position and its ongoing focus on contract selectivity and risk management provides the basis for continued further improvement through the year. ....
25 February 2021 | 08:08am StockMarketWire.com - Morgan Sindall Group has said it is on track to deliver a result which is materially ahead of previous expectations as it reports only s slight dip in 2020 revenue. The company s revenue for the full year 2020 fell just 1% to £3 billion in spite of the pressures resulting from the COVID-19 pandemic. Adjusted pre-tax profit was down 29% to £63.9 million for the period, while net cash stands at £333 million, up from £193 million in 2019. The company said it has a high quality and growing order book for 2021, with secured workload up 9% to £8.3 billion. It also announced a final dividend of 40p per share, resulting in a total dividend for the year of 61p following the reinstatement of its dividend in November. ....