Construction and regeneration group Morgan Sindall has announced its period end trading update today in advance of its preliminary results for the year ended 31 December 2008, expected to be released in late February 2009.
The Group is financially robust and is on course to achieve a record result in 2008 with each of its business divisions performing in line with expectations. Morgan Sindall’s strategy remains focused on developing market leadership in all operating sectors. The forward order book continues to be strong at £3.8bn and in addition to this, the Group’s urban regeneration development pipeline has increased to £1.3bn. In the current economic climate each division is putting an increased emphasis on cash management, cost reduction and supply chain improvements, as well as responding to market growth opportunities where they present themselves.
The Group is well-placed to deliver long-term, sustained growth and to meet the challenges and market opportunities in 2009.