Morgan Sindall generated an improved operating profit margin of 3% in 2019 (up from 2.9% in 2018), as its revenue for the year passed the £3bn mark.
The contractor recorded revenue for the year ended 31 December 2019 of £3.1bn, an increase of 3% on the previous year. Adjusted profit before tax rose by 11% to £90.4m.
Meanwhile, the company’s order book as at the year end was up 14% to £7.6bn.
Operating margin within the firm’s construction and infrastructure division was up to 2.2% from 2% in the previous year, with operating profit up 20% to £32.3m. Its fit-out arm saw operating profit decline to £36.9m (compared to £43.8m in 2018), while operating margin was 4.4% (down from 5.3%).
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