Morgan Sindall AGM and Interim Management Statement

Construction and regeneration group Morgan Sindall has announced its Interim Management Statement covering the period 1 January 2010 to date, ahead of its Annual General Meeting which is being held today (6 May).

Morgan Sindall has made a positive start to the year and is trading in line with its expectations.

The Group's forward order book has increased since the start of the year from £3.2 billion to £3.6 billion. In addition to the forward order book, Morgan Sindall’s urban regeneration division's development pipeline remains at £1.4 billion. The financial position of the Group remains strong, with average cash for the year to date increasing over the level achieved for the comparable period in 2009. Overall, there have been no significant changes to the Group's financial position since the publication of the Annual Report and Accounts for the year ended 31 December 2009.

In summary, the Group has made a positive start to 2010. It remains well positioned to face the challenges ahead and to benefit from opportunities as they present themselves.