REG - Morgan Sindall Grp - Trading Update

Morgan SindallAnnouncement

25/03/2025 07:00

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RNS Number : 9504B  Morgan Sindall Group PLC  25 March 2025

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 26(th) 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 consensus(1).

 

The Group will provide its next scheduled trading update on 1(st) May 2025.

 

 

Enquiries:

 Morgan Sindall Group  Tel: 020 7307 9200

 John Morgan

 Kelly Gangotra

 Brunswick             Tel: 020 7404 5959

 Jonathan Glass

 Tom Pigott

 

 

 

 

 

 

 

 

 

 

(1) Market consensus as at 24(th) March 2025 is based on an adjusted Profit
Before Tax of £178.0m.

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