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Morgan Sindall Group PLC on Tuesday said it expects full-year results to be slightly ahead of expectations after a pick-up in trading at its Fit Out division. In a brief trading update, the London-based construction and regeneration company said since announcing full-year results in February the Fit Out division has experienced an acceleration in its trading momentum. As a result, the division is now expected to exceed both the group’s previous expectations and the top-end of its revised medium-term targets of £60 million to £85 million. Elsewhere, all other divisions are broadly on track to perform in line with the group’s previous guidance and expectations, the firm said. Overall, Morgan Sindall said it now anticipates that full year adjusted pretax profit will be slightly ahead of market consensus of £178.0 million. In 2024, Morgan Sindall reported adjusted pretax profit of £172.5 million. In response, shares in Morgan Sindall rose 6.6% to 3,240.00 pence each in London on Tuesday morning. The group said it will provide its next scheduled trading update on May 1. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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