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(Sharecast News) - Building, fit-out and construction services group Morgan Sindall has revealed that full-year results for 2025 will be "significantly ahead" of previous expectations.
The company said that, since its last update in May, strong trading activity in the Fit Out division has continued, providing increased visibility for the rest of the year.
As a result, operating profits from this division are now expected to beat previous guidance of 60m-86m. This was the second time that Morgan Sindall has raised predictions for the Fit Out unit, having hiked the target range from 50m-70m at its full-year results in February.
Meanwhile, in the construction division, profits and revenues are now expected to be ahead of previous expectations.
The rest of the business continues to trade in line with forecasts, though group profit before tax should now be significantly ahead of market estimates.
The company had said in March that 2025 adjusted pre-tax profits would be slightly ahead of the 178m consensus estimate at the time, compared with 172.5m earned in 2024.
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