Morgan Sindall lifts profit forecast on strong fit out performance

Morgan Sindall has upgraded its 2025 profit outlook for the third time this year, driven by continued strength in its Fit Out division. The company cited strong trading and operational execution as key factors behind the division’s performance, which now significantly exceeds previous expectations.

The Fit Out arm, which includes Overbury, has benefited from high-profile projects such as the Citibank scheme in Canary Wharf and the new HSBC headquarters at St Paul’s. Half-year results showed operating profit rising 41% to £58 million, with turnover increasing a third to £838 million. Secured orders at the end of August reached £1.6 billion, up 8% compared with both half-year and full-year 2024 figures.

While the construction and infrastructure, as well as property services divisions, remain on track, the firm’s mixed-use partnerships business is expected to see second-half operating losses double the £1.5 million first-half deficit, attributed to higher investment costs.

The robust Fit Out performance underscores Morgan Sindall’s ability to capitalise on demand for high-quality interior construction, operational delivery, and large-scale project execution. The group is due to release full 2025 results on 25 February 2026, providing a complete picture of its growth trajectory across divisions.

Dive into the full article to learn more about Morgan Sindall’s financial outlook and project pipeline.