Research on Morgan Sindall Group plc (MGNS:LON) from Progressive Equity Research
Construction, fit-out and regeneration group Morgan Sindall has announced FY results to December will be ‘slightly ahead of its previous expectations’, driven largely by the Construction division performing ‘strongly’, with margins at the upper end of its recently increased medium-term targets. The cash-rich group has also announced a £75m share buyback. Its FY27E guidance is unchanged.
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