Morgan Lovell has contributed to record preliminary results for the year ended 31 December 2018 released today, 21 February 2019, by parent company Morgan Sindall Group plc, the construction and regeneration group.
Morgan Sindall Group plc has delivered record profit for the full year to 31 December 2018, with adjusted profit before tax up 23% to £81.6 million (FY 2017: £66.1 million) on revenue of £2,972 million (FY 2017: £2,793 million), a 6% increase on the previous year. The Group reported a committed order book of £3.6 billion and a regeneration and development pipeline of £3.1 billion. Adjusted earnings per share was up 25% for the year to 151.8p (FY 2017: 121.1p) and total dividend per share increased by 18% to 53.0p (HY 2017: 45.0p). The Group demonstrated continued strength of the balance sheet with year-end net cash of £207 million and an average daily net cash of £99 million. They are in a strong position to deliver on expectations in 2019.
“We are pleased to have contributed to a strong set of results for the Group,” says Chris Booth, managing director of Morgan Lovell. “Our focus on creativity, exceptional service delivery, operational efficiencies and nurturing our people has made 2018 a success for Morgan Lovell. Across London and the South, we are proud to have helped so many clients design and build their workplaces and look forward to delivering more inspiring spaces in 2019.”
Key projects in London and the South East for Morgan Lovell in 2018 include: