TIDMMGNS

RNS Number : 2979E

Morgan Sindall Group PLC

29 June 2023

29 June 2023

Morgan Sindall Group plc

Trading Update

Morgan Sindall Group plc ('the Group'), the construction and regeneration group, is today providing an update on its outlook for the 2023 financial year.

As noted in the Group's trading update on 4 May 2023, the Group's full year performance is expected to show more of a weighting towards the first half than in recent years. This will be mainly due to the performance of the Fit Out division which has continued to perform strongly since the trading update and is now expected to show profit in the first half around 40% above the level reported for the same period last year.

Consequently, as a result of the continued strong momentum in Fit Out and its forward order book for the second half, together with the anticipated net prospects for the rest of the Group, the Board now expects full year profit for the Group to be ahead of its previous expectations.

The Group will announce its half year results to 30 June 2023 on 3 August 2023.

This announcement contains information that qualified, or may have qualified, as inside information for the purposes of Article 17 of the Market Abuse Regulations (EU) 596/2014 (MAR). The person responsible for making this announcement is Steve Crummett, Finance Director.

ENDS

For further information, contact:

 
 
   Morgan Sindall Group     Tel: 020 7307 9200 
   John Morgan 
   Steve Crummett 
 
   Brunswick 
   Jonathan Glass           Tel: 020 7404 5959 
   Nina Coad

Note to Editors

Morgan Sindall Group

Morgan Sindall Group plc is a leading UK Construction & Regeneration group with annual revenue of GBP3.6bn, employing around 7,200 employees and operating in the public, regulated and private sectors. It reports through five divisions of Construction & Infrastructure, Fit Out, Property Services, Partn ership Housing and Urban Regeneration.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TSTNKFBNOBKDDAB

(END) Dow Jones Newswires

June 29, 2023 02:00 ET (06:00 GMT)

Morgan Sindall (AQSE:MGNS.GB)
Historical Stock Chart
Von Nov 2024 bis Dez 2024 Click Here for more Morgan Sindall Charts.
Morgan Sindall (AQSE:MGNS.GB)
Historical Stock Chart
Von Dez 2023 bis Dez 2024 Click Here for more Morgan Sindall Charts.