UK's Morgan Sindall hits record high on upbeat FY25 profit outlook

Morgan Sindall

17/06/2025 08:35

** Shares of construction company Morgan Sindall MGNS.L climbs 14.5% to a record-high of 4,390p

** Stock is the top gainer on FTSE mid-cap index .FTMC; set to record its best day since October 2024
** Co expects FY25 profit before tax to be significantly ahead of previous expectations

** Says its unit Fit Out's strong trading activity from beginning of the year has continued, sending annual profit expectations for the unit above prior estimates

** Expects construction segment's FY25 operating margin to be in the middle of its 3.0%-3.5% medium term target range, with revenues set to exceed prior expectations

** MGNS rose ~13% YTD, including session gains

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))