Morgan Sindall sees FY profits 'slightly' ahead of market views, shares surge

25th Mar 2025 08:22

(Sharecast News) - Morgan Sindall surged on Tuesday as it said 2025 profits were set to be "slightly" ahead of market consensus following a stronger-than-expected performance from the Fit Out division.

Consensus expectations are for pre-tax profit of £178m.

The construction and regeneration company said that since its full-year results on 26 February, trading momentum in the Fit Out division has accelerated and is now expected to exceed both the group's previous expectations and the top-end of its revised medium term targets of £60m to £85m.

All other divisions are broadly on track to perform in line with the company's previous guidance and expectations, it said in a brief trading update.

At 0820 GMT, the shares were up 9.4% at 3,325p.