Morgan Sindall Lifts 2025 Profit Forecast to £209M

Morgan Sindall Group's shares hit a record high after an unscheduled trading update indicated that its full-year 2025 pre-tax profit is now expected to reach £209 million, significantly above previous forecasts. Deutsche Bank raised its price target for the company's shares from GBP40.00 to GBP46.00 and upgraded profit forecasts for both 2025 and 2026 by 12% and 11%, respectively. The Fit Out division is projected to deliver an operating profit more than 40% above earlier targets, benefiting from increased corporate office spending and reduced competition. The Construction division also continues to perform strongly, while other business segments remain in line with earlier guidance. Overall, group pre-tax profit is expected to surpass consensus estimates, reflecting ongoing upward momentum and strong investor confidence. Morgan Sindall plans to release its six-month results on July 29, 2025.