Morgan Sindall ( (GB:MGNS) ) just unveiled an update.
Morgan Sindall Group reported a record full-year performance for 2024, with revenue increasing by 10% to £4.5 billion and adjusted profit before tax rising by 19% to £172.5 million. The company demonstrated strong balance sheet strength with net cash of £492 million and a high-quality secured order book of £11.4 billion, driven by significant growth in Mixed Use Partnerships and Fit Out divisions. The Group’s continued leadership in sustainability was highlighted by retaining an MSCI ‘AAA’ rating and a CDP ‘A’ rating for climate change leadership. The company upgraded medium-term targets for four of its six divisions, reflecting its strategic and operational progress and positioning it well for future growth despite macroeconomic uncertainties.
More about Morgan Sindall
Morgan Sindall Group plc is a leading Partnerships, Fit Out, and Construction Services Group operating in the public, regulated, and private sectors. The company is organized into six divisions: Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure, and Property Services. It is recognized for its expertise in creating partnerships for affordable housing and mixed-use regeneration development, supporting the UK’s regeneration and affordable housing needs.
YTD Price Performance: -8.46%
Average Trading Volume: 81,090
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.68B
See more data about MGNS stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com