Morgan Sindall FY revenue misses, pretax profit beats estimates

Morgan Sindall

25/02/2026 07:09

Overview

UK construction services firm's FY 2025 revenue missed analyst expectations

Adjusted pretax profit for FY 2025 beat analyst expectations

Company increased medium-term targets for Mixed Use Partnerships and Infrastructure divisions

Outlook

Morgan Sindall expects 2026 results to align with revised expectations issued on Feb 12

Company increases medium-term targets for Infrastructure and Mixed Use Partnerships

Morgan Sindall sees gradual recovery in private housing market in 2026

Result Drivers

FIT OUT PERFORMANCE - Fit Out division delivered strong results with operating profit up 41% and revenue up 37%

INFRASTRUCTURE PLANNING - Infrastructure division commenced early planning and design activities for large frameworks

MIXED USE INVESTMENT COSTS - Mixed Use Partnerships faced expected losses due to investment costs for future projects

Company press release: ID:nRSY2498Ua

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
GBP 5.02 bln
GBP 5.10 bln (6 Analysts)
FY Adjusted Operating Profit
Slight Beat*
GBP 225.70 mln
GBP 225.25 mln (6 Analysts)
FY Adjusted Pretax Profit
Beat
GBP 232.60 mln
GBP 230.17 mln (6 Analysts)
FY Operating Profit
GBP 224.90 mln
FY Pretax Profit
GBP 231.80 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for Morgan Sindall Group PLC is GBp5,500.00, about 3.2% above its February 24 closing price of GBp5,330.00

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)