Morgan Sindall Group (MGNS)

Sector:

Construction and Building Materials

Index:

FTSE 250

1,828.00p
   
  • Change Today:
    -20.00p
  • 52 Week High: 2,685.00p
  • 52 Week Low: 1,776.00p
  • Currency: UK Pounds
  • Shares Issued: 47.17m
  • Volume: 79,400
  • Market Cap: £862.32m
  • RiskGrade: 151

Morgan Sindall FY profit driven by higher revenue, margins

By Iain Gilbert

Date: Thursday 24 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Construction firm Morgan Sindall reported record full-year results on Thursday, with double-digit profit growth being driven by a modest increase in revenues and improved operating margins.
Morgan Sindall said adjusted operating and pre-tax profits were both up 41% on 2019's pre-pandemic levels at £131.3m and £127.7m, respectively, and 92% and 100% on a year-on-year basis. Reported basic earnings per share came to 212.4p.

Adjusted revenues grew 5% compared to 2019 and 6% year-on-year to £3.21bn and adjusted operating margins improved to 4.1% from 3.0% two years earlier.

The FTSE 250-listed firm also hiked its total dividend per share to 92.0p, up 338% and 51% on 2019 and 2020, respectively, and highlighted its strong net balance sheet, with net cash of £358.0m as of 31 December 2021.

Chief executive John Morgan said: "2021 has been an excellent year for the group with progress across the board. Our record results reflect the high quality of our operations and the huge talent and commitment of our people.

"The group is in its best shape ever. Our strategic focus on construction and regeneration is driving positive momentum across the group and is enabling us to upgrade our divisional medium-term targets today which provide the framework for our next stage of growth."

As of 0910 GMT, Morgan Sindall shares were up 3.49% at 2,225.0p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MGNS Market Data

Currency UK Pounds
Share Price 1,828.00p
Change Today -20.00p
% Change -1.08 %
52 Week High 2,685.00p
52 Week Low 1,776.00p
Volume 79,400
Shares Issued 47.17m
Market Cap £862.32m
RiskGrade 151

MGNS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.75% above the market average11.75% above the market average11.75% above the market average11.75% above the market average11.75% above the market average
15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average
Price Trend
4.96% above the market average4.96% above the market average4.96% above the market average4.96% above the market average4.96% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Income
83.78% above the market average83.78% above the market average83.78% above the market average83.78% above the market average83.78% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Growth
46.51% above the market average46.51% above the market average46.51% above the market average46.51% above the market average46.51% above the market average
21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MGNS Dividends

  Latest Previous
  Interim Final
Ex-Div 06-Oct-22 28-Apr-22
Paid 26-Oct-22 18-May-22
Amount 33.00p 62.00p

Trades for 17-Aug-2022

Time Volume / Share Price
16:35 241 @ 1,828.00p
16:35 1,094 @ 1,828.00p
16:35 2,300 @ 1,828.00p
16:35 649 @ 1,828.00p
16:35 21,052 @ 1,828.00p

MGNS Key Personnel

CEO John Christopher Morgan
Finance Director Steve Crummett

Top of Page