Fit out firm contributes to the half year results of parent company, Morgan Sindall.
Leading office interior design, fit out and refurbishment specialist Morgan Lovell which has offices in London and Bracknell, has contributed to half year results released on 8 August 2018, by parent company Morgan Sindall Group plc, the construction and regeneration group.
Morgan Sindall Group has delivered profit growth in the first half of this year with adjusted operating profit up 28% to £31.9m (HY 2017: £24.9m) on revenue of £1,423m (HY 2017: £1,307m), a 9% increase on the previous half year. The Group reports an order book of £3,604m with adjusted earnings per share up 28% for the period to 55.6p (HY 2017: 43.6p). The interim dividend has been increased by 19% to 19.0p (HY 2017: 16.0p) with the Group confident of a strong performance for the second half of 2018.
“Our reputation for creativity, high-quality fit out and exceptional service delivery has given us a strong start to 2018,” says Chris Booth, managing director of Morgan Lovell. “Increased operational efficiencies and a broad range of clients across London and the South has enabled us to maintain a set of results which are industry-leading. We’re proud to have contributed to a strong first half for the Group.”