Morgan Sindall Group Plc On Track To Deliver A better Than Expected Full-Year Performance

  • Nov 06, 2019 GMT
  • Team Kalkine
  • Morgan Sindall Group Plc (MGNS) has announced an update on current trading and the outlook for the 2019 financial year.
  • The company reported that it is on track to deliver a full-year performance which is somewhat higher than the Board's expectations at the time of the half-year results.
  • As at 30 September 2019, the total secured workload for the Group was up 10 per cent to £7.3 billion, from the year-end position; however, it was down by 2 per cent from the half-year.
  • The Group's cash position continued to be strong, and the average daily net cash for the year is expected to be in excess of £100 million as compared to £99 million for FY 2018.
  • On 6th November 2019, at the time of writing, GMT 08:00 AM, MGNS shares were trading at GBX 1,323.50, up by 23.50 points or 1.81 per cent against the previous day closing price.

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