Morgan Sindall sees FY profits ‘slightly’ ahead of market views, shares surge.
Morgan Sindall surged on Tuesday as it said 2025 profits were set to be "slightly" ahead of market consensus following a stronger-than-expected performance from the Fit Out division.
Morgan Sindall Group
25 March 2025 08:22:34
Source: Sharecast
Consensus expectations are for pre-tax profit of £178m.
The construction and regeneration company said that since its full-year results on 26 February, trading momentum in the Fit Out division has accelerated and is now expected to exceed both the group's previous expectations and the top-end of its revised medium term targets of £60m to £85m.
All other divisions are broadly on track to perform in line with the company’s previous guidance and expectations, it said in a brief trading update.
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