Morgan Sindall has revealed that it expects its financial performance to remain on track in 2018, as it continued to trim its order book and focus only on contracts delivering quality of earnings.
In a trading update for the period from 1 July to date, the group said it expected its construction and infrastructure division to achieve margins of “at least” 2% in the second half.
Its fit-out arm was also expected to deliver forecast revenue and profit growth, although as at 30 September this year, its order book was down by £470m (13%) compared to the same period the year before.
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