Make earnings with no risk
Automated AI-driven system makes the trades, you earn the money
Join now

Morgan Sindall’s Strong Financial Performance


Morgan Sindall has reported a significant rise in both pre-tax profit and revenue, attributing this growth to a stronger order book. The U.K. based construction and regeneration company is confident in delivering results that align with the board’s expectations for the current year.

Key Financial Highlights

  • Profit Surge: The company’s pre-tax profit for 2023 soared to GBP 143.9 million from GBP 85.3 million in the previous year.

  • Revenue Growth: Revenue also saw a notable increase, reaching GBP 4.12 billion compared to GBP 3.61 billion in the previous year.

  • Division Performance: Revenue at the construction division surged by 18% to GBP 967 million and by 15% to GBP 887 million at the infrastructure division.

Future Outlook

Morgan Sindall anticipates further growth, with expectations for both divisions to achieve a revenue of GBP 1 billion each in 2024. The company’s order book has also seen a 5% increase, totaling GBP 8.9 billion at the year-end.

Proposed Dividend

The board has proposed a final dividend of 78 pence per share, representing an increase from 68 pence in the previous year. The total dividend for 2023 stands at 114 pence.

Positive Economic Outlook

Despite some lingering uncertainty in the broader economy, Morgan Sindall remains optimistic. The company notes that decreasing inflation and the possibility of lower interest rates create a confident backdrop for the upcoming year.

Market Response

At 0822 GMT, the company’s shares were up by 3.2%, climbing by 70 pence to reach 2,285 pence.

Lucid Motors Earnings Report Preview

Previous article

Lloyds Banking Group Provision and Strong Quarter Results

Next article

You may also like


Leave a reply

Your email address will not be published.

More in News