- Morgan Sindall Group
- 29 July 2025 09:27:56
Source: Sharecast
First-half adjusted pre-tax profit rose 37% from the same period a year earlier to £95.9m, with revenue up 7% at £2.4bn. Adjusted operating profit picked up 40% to £91.8m and the interim dividend per share was lifted 20% to 50p.
Chief executive John Morgan said: "It has been another record half year for the Morgan Sindall Group. These results further demonstrate our track record of delivering strong revenue and profit growth, supported by robust cash generation, enabling continued investment in our Partnership businesses, while importantly supporting strong dividend growth.
"In the period, we have continued to make significant strategic and operational progress across the group. Expectations for the group are underpinned by the medium-term fundamentals for Fit Out which are expected to remain favourable, together with both our UK construction and partnership programmes which expect to benefit from the recent government investment commitments. As a result, we have increased the medium-term targets for both the Fit Out and Construction divisions."
For the Fit Out segment, the company lifted its medium-term target for annual operating profit to between £80m and £100m, from £60m to £85m.
For the Construction division, meanwhile, it now expects medium-term operating margin of 3% to 3.5% per annum and revenue of more than £1.5bn. Previously, the target for revenue was more than £1bn.
John Morgan said: "The strength of our first half performance, together with the visibility provided by our high-quality and growing order book for the remainder of the year, places us in a strong position to deliver an outcome for 2025 which is in line with our current expectations."
At 0925 BST, the shares were up 2.9% at 4,590p.