Leading office interior design, fit out and refurbishment specialist Morgan Lovell, has contributed to half year results released today by parent company Morgan Sindall Group plc, the construction and regeneration group.
The Group has delivered strong profit growth in the first half of this year with operating profit up 37% to £24.9m (HY 2016: £18.2m) on revenue of £1,307m (HY 2016: £1,148m), a 14% increase on the previous half year. The Group reports an order book of £3,801m, a 5% rise from £3,637m. Adjusted earnings per share were up 46% for the period to 43.6p (HY 2016: 29.8p). The interim dividend has been increased by 23% to 16.0p per share (HY 2016: 13.0p) with the Group confident of another strong performance in the second half of the year.
“Our committed order book, reputation for high-quality fit out and exceptional service delivery has given us a strong start to 2017 and, as expected, we’ve reported another fantastic set of half year results,” says Chris Booth, managing director of Morgan Lovell, one of the fit out companies of Morgan Sindall Group plc.
“By increasing operational efficiencies and innovating the way we approach and manage our projects, our division continues to establish itself as a market leader in office fit out and refurbishment. We’ve maintained good visibility of our future workload in core markets and regions and look forward to seeing the remainder of the year unfold with similar promise.”
Key milestones and projects for Morgan Lovell in 2017 include the: