StockMarketWire.com - Construction company Morgan Sindall said it was on track to deliver full-year results 'slightly' ahead of its previous expectations following a better-than-expected performance from its fit-outs division.

The positive momentum across the group coming into 2018 has continued and overall trading has been strong,' the company said.

The construction division, meanwhile, had seen further margin growth, while the regeneration division had progressed development schemes, with results expected to be weighted to the second half.

The group's committed order book at 31 March was £3.7bn, while the regeneration & development pipeline was £3.2bn.

'We have had a good start to the year and all divisions are continuing to make strategic and operational progress,' chief executive John Morgan said.

'Our balance sheet and cash position are both very strong and give us the flexibility to continue focusing on quality of earnings in our construction activities, while investing in our regeneration activities to drive long-term value.'




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