{"id":6894,"date":"2025-07-29T07:46:59","date_gmt":"2025-07-29T07:46:59","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=6894"},"modified":"2025-07-29T07:46:59","modified_gmt":"2025-07-29T07:46:59","slug":"fit-out-firepower-drives-morgan-sindall-to-record-half-year","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/fit-out-firepower-drives-morgan-sindall-to-record-half-year\/","title":{"rendered":"Fit-out firepower drives Morgan Sindall to record half-year"},"content":{"rendered":"

Morgan Sindall has delivered another record-breaking first half on the back of surging profits from its fit-out and construction arms.<\/p>\n

Across the group revenue rose 7% to \u00a32.4bn in the six month to the end of June with pre-tax profit up 37% to \u00a396m.<\/p>\n

The strong performance prompted a formal upgrade to targets across both fit-out and construction divisions.<\/p>\n

\n

\n
<\/a><\/div>\n<\/div>\n

Fit out once again led the charge, with profit soaring 41% to \u00a358m on \u00a3838m revenue, delivering a powerful 6.9% margin. The division is now expected to hit annual profits of up to \u00a3100m \u2014 a sharp upgrade on the previous \u00a385m ceiling.<\/p>\n

Construction also turned in a solid shift, with profit up 14% to \u00a316m as margin hit 3.1%, helped by a strong run of public sector framework wins. The division has now been set a new revenue target of over \u00a31.5bn, up from \u00a31bn previously.<\/p>\n

Group chief executive John Morgan also announced this morning that its Property Services, which made a modest \u00a30.5m profit after a heavy loss last year,\u00a0 will be fully merged into the Construction business from January, as the group streamlines its operational structure.<\/p>\n

\n

\n
<\/a><\/div>\n<\/div>\n

Morgan Sindall’s secured order book now stands at a record \u00a312bn, with construction and fit out contributing heavily.<\/p>\n

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.<\/span><\/p>\n

\n

\n
<\/a><\/div>\n<\/div>\n

“In the period, we have continued to make significant strategic and operational progress.<\/span><\/p>\n

“Expectations for the group are underpinned by the<\/span>\u00a0medium-term fundamentals for Fit Out which are expected to remain favourable,<\/span>\u00a0together with both our UK<\/span>\u00a0construction and partnership programmes which expect to benefit from the recent government investment commitments.<\/span><\/p>\n

\u00a0Interim dividend was hiked 20% to 50p.<\/p>\n

\n

\n
<\/a><\/div>\n<\/div>\n

\n

\n
<\/a><\/div>\n<\/div>\n

from Construction Enquirer https:\/\/ift.tt\/tMyxp7E<\/p>\n","protected":false},"excerpt":{"rendered":"

Morgan Sindall has delivered another record-breaking first half on the back of surging profits from its fit-out and construction arms. Across the group revenue rose 7% to \u00a32.4bn in the six month to the end of June with pre-tax profit up 37% to \u00a396m. The strong performance prompted a formal upgrade to targets across both […]<\/p>\n","protected":false},"author":1,"featured_media":153,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-6894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/6894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=6894"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/6894\/revisions"}],"predecessor-version":[{"id":6895,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/6894\/revisions\/6895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/150"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=6894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=6894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=6894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}