News

Morgan Sindall well-placed to capture further market share

Construction and regeneration group Morgan Sindall Group plc has announced its period end trading update today in advance of its preliminary results for the year ended 31 December, expected to be released in late February 2011.

As previously announced in its Interim Management Statement in November, Morgan Sindall Group remains on track to achieve its expectations for the current year. The Group’s financial position remains strong, with average cash in the second half of the financial year set to be in line with that achieved in the first half and with £100 million of committed banking facilities in place. The Group’s order book remains consistent with the position at the half year, providing good, long-term visibility.

Morgan Sindall Group has made good strategic progress this year with the merger of its construction and infrastructure activities and the creation of a market-leading social housing response maintenance business. Its £3.6 billion forward order book, breadth of capabilities and leading positions across a range of market sectors leave the Group well-placed to capture further market share.

Overall, the Group is well-positioned to meet the challenges and opportunities in 2011 and beyond.

To view the pre-close trading statement in full, please visit: http://corporate.morgansindall.com/investors/announcements/rns-announcem...