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Infrastructure group Morgan Sindall increases guidance again / Image Source: Morgan Sindall
  • Fit Out activity tops forecasts
  • Construction unit also ahead
  • Shares hit new all-time high

Infrastructure and construction services group Morgan Sindall (MGNS) continues to exceed expectations, with the firm revealing today trading since the start of May has been better than forecast.

The shares gained 550p or 14% to a new all-time high of £43.90, sending them to the top of the FTSE 250 leader board.

PROFIT ‘SIGNIFICANTLY’ AHEAD

According to the company, the strong trading seen since the start of the year in the Fit Out business has continued, meaning profits will be ‘significantly’ ahead of previous guidance.

At the same time, revenue at the Construction business has been stronger than expected, while operating margins are now seen in the middle of the 3% to 3.5% medium-term target range, meaning profit will also exceed forecasts.

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With the rest of the group performing in line with expectations, pre-tax profit as a whole will ‘significantly’ beat the firm’s previous estimate.

UPGRADES TO COME

Analysts at Investec expect consensus earnings forecasts for 2025 to rise by between 10% and 12%, largely driven by the better-than-expected activity at Fit Out.

They also see 2026 estimates rising by between 3% and 5% thanks to the base effect of a higher 2025 figure and further contract wins.

LEARN MORE ABOUT MORGAN SINDALL

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Issue Date: 17 Jun 2025