Morgan Sindall PLC
19 April 2007
Morgan Sindall plc
('the Group')
AGM statement
John Morgan, Executive Chairman of Morgan Sindall plc, will make the following
comments at the Company's Annual General Meeting to be held at 12pm today.
'I am pleased to report that the Group has made an encouraging start to the year
and the conditions in all our key markets continue to be positive.
The office fit out market remains buoyant with levels of activity akin to last
year, which is reflected by the forward order book being maintained at a level
similar to the start of the year.
Construction's chosen sectors of health, education, light industrial and
property services are all seeing favourable trading conditions, which have
resulted in the division's order book strengthening over the first quarter of
the year.
Infrastructure Services has continued to make progress on the major projects it
secured last year and has secured further contracts in the water sector
including a £38m water main tunnel for Thames Water and a £32m treatment works
for Severn Trent.
Affordable Housing has been successful in securing its first social housing PFI
at Miles Platting in Manchester, which will be worth £200m over the next
fourteen years. In addition, the division has secured further refurbishment
frameworks in Haringey and in Northfield, Birmingham.
Overall the Group is trading in line with expectations. We look forward to
reporting on further progress in our pre-close update in June.'
19 April 2007
Enquiries:
Morgan Sindall plc Tel: 020 7307 9200
John Morgan, Executive Chairman
Paul Smith, Chief Executive
David Mulligan, Finance Director
College Hill Tel: 020 7457 2020
Matthew Smallwood
Kate Pope
This information is provided by RNS
The company news service from the London Stock Exchange
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