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News » UK » Strong start for Morgan Sindall » published 4 May 2017

Strong start for Morgan Sindall

Construction group Morgan Sindall has started the year strongly and is now set to outperform expectations for 2017, the board has said.

Morgan Sindall chief executive John Morgan Above: Morgan Sindall chief executive John Morgan

In a trading update, Morgan Sindall revealed that the committed order book as at 31st March 2017 was up 5% to £3.83bn from three months earlier, while the regeneration & development pipeline was up 2% to £3.28bn.

In addition, Morgan Sindall has seen margins improve across its Construction & Infrastructure division. The Fit Out business appears to be doing particularly well, with its order book up 17% to a record £544m.

Chief executive John Morgan said: “We have had a strong start to the year, and with our strategy geared towards those areas of the economy we expect to grow strongly, together with the size and quality of our order book and pipeline, we are confident that the momentum we have seen so far is set to continue.”

 

MPU

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This article was published on 4 May 2017 (last updated on 4 May 2017).

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