Robust results for the Morgan Sindall Group

Construction and regeneration group Morgan Sindall Group plc has delivered robust preliminary results released today, 22 February 2011.

Profit before tax and amortisation was £51.3 million (2009: £51.5 million) on revenue of £2,102 million (2009: £2,214 million). Adjusted earnings per share were 92.9p (2009: 93.9p), with no change to the total dividend which remains at 42.0p (2009: 42.0p). The Group’s forward order book currently stands at £3.6 billion (2009: £3.2 billion).

“2010 was a year of important strategic and operational progress for the Group,” says John Morgan, the Group’s executive chairman. “The restructuring we conducted to create Construction and Infrastructure leaves us better placed than ever to meet our clients’ needs, while Lovell’s expansion in response and planned maintenance opens up exciting new market opportunities.

“Trading remains challenging, but we continue to secure profitable projects. We are well placed to exploit opportunities presented in the short-term, whilst carefully monitoring market trends to maximise long-term growth potential. The Group remains financially strong with an exciting future.”