Morgan Sindall Group demonstrated resilience in the face of the COVID pandemic, delivering an adjusted operating profit of £68.5m (FY 2019: £93.1m) on revenue of £3.0bn (FY 2019: £3.1bn). Importantly, however, the Group’s balance sheet remains strong, with average daily net cash in the period increasing to £153m and period end net cash of £146m. Overbury contributes to preliminary half year results for Morgan Sindall Group. Group performance and outlook At the time of the half year results on 5 August 2020, the Board stated that it expected profit before tax for the year to 31 December 2020 would be in the range of GBP50m-GBP60m. Retained earnings include shares in Morgan Sindall Group plc purchased in the market and held by the Morgan Sindall Employee Benefit Trust (the 'Trust') to satisfy options under the Group's share incentive schemes. The number of shares held by the Trust at 30 June 2020 was 349,359 (30 June 2019: 298,932, 31 December 2019: 351,961) with a cost of GBP2.8m (30 June 2019: GBP1.5m, 31 December 2019: GBP2.2m). In Morgan Sindall Construction, projects which have contributed to the annual results include:. Morgan Sindall Group HY 2020 Results. Pre-tax … Outlook – John Morgan. Morgan Sindall is organised into six operating divisions: Morgan Sindall Construction, its construction and infrastructure arm, fit-out division Overbury, Morgan Sindall Property Services, housing arm Lovell Partnerships, urban regeneration specialist Muse Developments, and Morgan Sindall … Morgan Sindall has reported a slight decrease in revenue during 2020 to £3.03 billion from £3.07bn the year before, as pre-tax profit fell by 31% year-on-year to £60.8 million.. John Morgan. 3 Introduction • Period dominated by COVID -19 pandemic • Thank you to all our people and partners for professionalism and dedication throughout the period • Adapting to new ways of working, with health and wellbeing of all being … Morgan Sindall's profit more than halved in the first six months of 2020 due to the coronavirus pandemic. Morgan Sindall Group Half Year 2020 Results Design and build specialist, Morgan Lovell, has contributed to preliminary results for the half year to 30 June 2020, released on 5 August 2020, by parent company Morgan Sindall Group plc, the construction and regeneration group. o Revenue of £3.0bn, down 1%. Morgan Sindall Group plc, the construction and regeneration group, will announce half year results for the six months ended 30 June 2020 on Wednesday 5 August 2020. National fit out and refurbishment specialist Overbury has contributed to preliminary results for the half year to 30 June 2020, released on 5 August 2020, by parent company Morgan Sindall Group plc, the construction and regeneration group. Investors Delivering profitable shareholder returns, responsibly. Contact Investments. It now expects … He reveals the sums to Denise Chevin. With a strengthened balance sheet and net cash of £333m (FY 2019: £193m), the Group now expects profit to be materially ahead of its … Importantly, however, the Group’s balance sheet remains strong, with average daily net cash in the period increasing to £153m and period end net cash of £146m. Morgan Sindall ups profit expectations Developer Morgan Sindall has increased its profit forecast from those published in its half-year results, as it plans to merge its investments business. 06 July 2020 . Although profit fell in 2020, the company’s order book grew and balance sheet strengthened, according to its full-year results. Introduction – John Morgan . Morgan Sindall Construction’s Northern Home Counties office has marked a strong start to the year following a raft of education contract wins across the region. Morgan Sindall Group showed resilience in the face of the Covid pandemic by delivering an adjusted operating profit of £68.5 million (full-year 2019: £93.1 … With its secured workload up 14% to £7.6bn, the Group is well-positioned for future growth and another good year of … 4 November 2020 Search. Half Year Results. Provides the Group with construction and regeneration opportunities through long-term strategic partnerships to develop under-utilised public land. Explore section. o Adjusted profit before tax down 29% to £63 Since 2001, when we became part of Morgan Sindall Group plc we have grown organically, using our engineering expertise and long-term relationships to deliver safe, innovative and responsible infrastructure for public and private sector customers. The person responsible for making this announcement is Steve Crummett, Finance Director. Morgan Sindall Group plc delivered strong profit growth in 2019, with adjusted profit before tax up 11% to £90.4m on revenue of £3,071m, up 3%. Morgan Sindall recorded an average daily net-cash figure of £181m in 2020, well up on the £109m reported in 2019. In addition, the Group’s balance sheet remains strong, with average daily net cash in the year increasing to £109m and year end net cash of £193m. We are a connected community of individuals, each with varied skills, diverse … Morgan Sindall Group plc . RESULTS FOR THE … Morgan Sindall Property Services boosts group results. Partnership housing specialist Lovell has made an important contribution to the 2020 year end results, released today by parent company Morgan Sindall Group plc, the construction and regeneration group. Results for the half-year to June 30 2020 show Covid-19 caused a drop in pre-tax profit to £13.6m from £35.5m last time as revenue dipped to £1,363m from £1,421m. Retained earnings include shares in Morgan Sindall Group plc purchased in the market and held by the Morgan Sindall Employee Benefit Trust to satisfy options under the Group's share incentive schemes. Morgan Sindall Group plc delivered results for the half year to 30 June 2020 which were unsurprisingly impacted by the COVID-19 pandemic, with adjusted profit before tax down 57% to £15.7m and revenue down 4% to £1,363m. 6 July 2020 . To 30 June 2020. Morgan Sindall PLC (LON:MGNS) shares bounced higher as it forecast results for 2021 would recover to exceed the year before the Covid-19 pandemic. With a strengthened balance sheet and net cash of £333m (FY 2019: £193m), the Group has ended 2020 with real momentum. Financial & Operational Review – Steve Crummett. While some firms struggle to quantify a return on digital, that’s not the case at Morgan Sindall Construction, where design management and BIM director Lee Ramsey has seen some very healthy savings. We are a connected community of individuals, each with varied skills, diverse … The company’s revenue fell 1% over the period to just over £3bn. Costain reveals £90m loss in half-year results 14 Sep 2020 By Zak Garner-Purkis Costain has announced a pre-tax loss of £90.4m for the six months to 30 June 2020. “The size and quality of the group’s growing secured workload at well over £8bn leaves it well … Shares in construction group Morgan Sindall rocketed in trading on Thursday after the company said it expects its 2021 performance to be “materially ahead of previous expectations”.. Our purpose Innovation Responsible business Safe Our People Our People. Morgan Sindall Group plc, the construction and regeneration group announced its half year results (5 August 2020). Morgan Sindall Group PLC . Morgan Sindall Group plc delivered results for the half year to 30 June 2020 which were unsurprisingly impacted by the COVID-19 … Morgan Sindall’s 2020 median gender pay gap is 29.10%6 (2019: 31.2%), reflecting a higher number of senior male employees in the company. Morgan Sindall Group plc ("the Group") today provides an update on current trading and the outlook for the 2020 financial year. Morgan Sindall Group has said it is 'on track to deliver a result which is materially ahead of previous expectations' as it reports only s slight dip in 2020 revenue. Infrastructure performance boosts Morgan Sindall results despite overall profit drop. The group reported a secured order book of £8.3bn, up 9% year-on-year. Morgan Sindall’s revenue has gone above £3bn in 2019, the contractor's full-year results revealed. Morgan Sindall Group plc delivered results for the half year to 30 June 2020 which were unsurprisingly impacted by the COVID-19 pandemic, with adjusted profit before tax down 57% to £15.7m and revenue down 4% to £1,363m. With its secured … The Group … This announcement contains information that qualified, or may have qualified, as inside information for the purposes of Article 17 of the Market Abuse Regulations (EU) 596/2014 (MAR). Morgan’s comments came as Morgan Sindall unveiled its financial results for the year to 31 December 2020. 25 Feb, 2021 By Catherine Kennedy. Notice of Half Year Results . The Group reported a secured order book of £8.3bn, up 9% year-on-year. Results demonstrate resilience of the Group against backdrop of COVID-19 pandemic. The number of shares held by the Trust at 31 December 2020 was 278,383 (2019: 351,961) with a cost of GBP5.3m (2019: GBP2.2m). Get Started: To search for a security, type the name or ticker in the search box at the top of the page and select from the dropdown results. The company's revenue for the full year 2020 fell just 1% to £3 billion in spite of the pressures resulting from the COVID-19 pandemic. Morgan Sindall chief executive John Morgan said the company was “well-positioned” for the future and on track to deliver results in 2021 “slightly ahead” of 2019 after it adapted quickly to the covid-19 pandemic.