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 Kelly Gangotra, Chief Financial Officer.
MORGAN SINDALL GROUP PLC
Trading Update
Morgan Sindall Group plc, the Partnerships, Fit Out and Construction Services Group, today announces an update on trading and the outlook for the 2025 financial year.
Since the Group announced full year results on 26th February 2025, the Fit Out division has experienced an acceleration in its trading momentum and is now expected to exceed both the Group's previous expectations and the top-end of its revised Medium Term Targets (of £60-£85 million). Elsewhere, all other divisions are broadly on track to perform in line with the Group's previous guidance and expectations.
As a result, the Group now anticipates that its full year results for 2025 will be slightly ahead of market consensus1.
The Group will provide its next scheduled trading update on 1st May 2025.
Enquiries:
| Morgan Sindall Group John Morgan Kelly Gangotra
Brunswick Jonathan Glass Tom Pigott | Tel: 020 7307 9200
Tel: 020 7404 5959 |
1 Market consensus as at 24th March 2025 is based on an adjusted Profit Before Tax of £178.0m.
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