Construction and regeneration group Morgan Sindall has announced its Interim Management Statement covering the period 1 January 2009 to date, ahead of its Annual General Meeting which is being held today (30 April).
Morgan Sindall has made a positive start to the year and is trading in line with our expectations.
The Group's forward order book currently stands at £3.8 billion, a slight increase since the start of the year. In addition to the order book, Urban Regeneration’s development pipeline has increased in value to £1.6 billion. The financial position of the Group remains strong, there having been no significant changes to this position since the publication of the Annual Report and Accounts for the year ended 31 December 2008.
In summary, we have made a positive start to 2009 and with our broad sector spread we remain well positioned to face the challenges ahead and to benefit from opportunities as they present themselves.