{"id":16705,"date":"2023-05-08T10:45:11","date_gmt":"2023-05-08T17:45:11","guid":{"rendered":"https:\/\/essential.construction\/news\/morgan-sindall-lifts-order-book-to-nearly-9bn\/"},"modified":"2023-05-08T10:45:14","modified_gmt":"2023-05-08T17:45:14","slug":"morgan-sindall-lifts-order-book-to-nearly-9bn","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/morgan-sindall-lifts-order-book-to-nearly-9bn\/","title":{"rendered":"Morgan Sindall lifts order book to nearly \u00a39bn"},"content":{"rendered":"

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John Morgan, chief executive, said this year\u2019s performance would be weighted towards the first half which has seen contract wins lift the order book 4% to \u00a38.8bn.<\/p>\n

This comprised a construction secured order book of \u00a34.9bn, up 7% from the year-end and up 9% versus the prior year, and the regeneration secured order book of \u00a33.9bn, which was up 1% from the year end and down 6% versus the prior year.<\/p>\n

In a trading update this morning, Morgan said the Overbury fit-out business had enjoyed strong trading with order book and enquiry levels reported to be high.<\/p>\n

The construction and infrastructure arm is also expected to deliver revenue growth at margins in line with targets.<\/p>\n

But the Property Services operation margin has been impacted by disappointing contract delivery despite an expected higher level of revenue.<\/p>\n

Morgan said: \u201cSince the start of the year, trading has been as expected and the general market conditions coming into 2023 have continued to ease with inflation falling in certain areas.<\/p>\n

\u201cBased on the current visibility of workload for delivery through the remainder of the year, we\u2019re confident of delivering a full-year performance which is in line with our expectations.\u201d<\/p>\n

Average daily net cash for the year so far rose to \u00a3281m against \u00a3278m for the same period a year ago.<\/p>\n<\/p><\/div>\n

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