Firm says year-end number will be ahead of previous 拢178m consenus

An ongoing boom at its fit-out business has meant Morgan Sindall has already upgraded its forecast for its 2025 results before the end of the first quarter is over.

The firm, which last month said pre-tax profit last year jumped 19% to a record 拢172m on turnover up 10% to 拢4.5bn, said that 鈥渁n acceleration in its trading momentum鈥� at the fit-out arm meant full-year results for the group will 鈥渂e slightly ahead of [the] market consensus鈥� of an adjusted pre-tax profit of 拢178m.

Last month, the firm said it had upgraded the annual operating profit target at fit-out in the medium term to be between 拢60m and 拢85m, from 拢50m to 拢70m previously.

overbury

Work shows no sign of slowing down at Morgan Sindall鈥檚 fit-out arm which includes its Overbury business

In a trading update this morning, the firm said the figure for fit-out was now at the top end of the revised figure with its other divisions, which include building and infrastructure, performing in line with expectations.

Broker Investec said it was upgrading the firm鈥檚 underlying pre-tax profit from 拢176m to 拢187m.

The firm鈥檚 next trading update will be made on 1 May.

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