Morgan Sindall Group Delivers Slightly Ahead of Expectations in 2025
Why we think this is good
The trading update from Morgan Sindall Group indicates that the company's performance is slightly ahead of market consensus for the 2025 financial year. The Fit Out division has seen an acceleration in trading momentum, exceeding the Group's previous expectations. While other divisions are performing in line with previous guidance, the overall outlook is positive. The company's valuation appears to be towards the higher end of its 52-week range, suggesting the news may already be priced in to some extent. However, there are some indications of short-term challenges or headwinds, leading to a GOOD sentiment score.
Key Points
- Fit Out division exceeding expectations
- Other divisions performing in line with previous guidance
- Full year results expected to be slightly ahead of market consensus
Summary
Morgan Sindall Group plc has provided a trading update for the 2025 financial year, indicating that its full year results are expected to be slightly ahead of market consensus. The key highlights are:
- The Fit Out division has experienced an acceleration in trading momentum and is now expected to exceed both the Group's previous expectations and the top-end of its revised Medium Term Targets.
- All other divisions are broadly on track to perform in line with the Group's previous guidance and expectations.
The company's market cap is £1.43 billion, and the current share price of 3,040p is towards the higher end of the 52-week range of 2,170p to 3,970p.