Morgan Sindall on track
Morgan Sindall has said that the Group remains on track to meet their expectations for the current year.
They say that trading is positive in the face of challenging conditions in the construction and regeneration markets.
Fit Out is experiencing tougher market conditions but Construction's performance continues to improve. Infrastructure Services' trading is in line with last year and Affordable Housing's trading remains robust.
Urban Regeneration's market remains quiet though. The Group's forward order book currently stands at £3.6bn.
The financial position remains strong, with net cash and £75m of banking facilities that have recently been renewed through to mid 2012.
They say that trading is positive in the face of challenging conditions in the construction and regeneration markets.
Fit Out is experiencing tougher market conditions but Construction's performance continues to improve. Infrastructure Services' trading is in line with last year and Affordable Housing's trading remains robust.
Urban Regeneration's market remains quiet though. The Group's forward order book currently stands at £3.6bn.
The financial position remains strong, with net cash and £75m of banking facilities that have recently been renewed through to mid 2012.
Story provided by Business Financial Newswire
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