Announcement • 15h
Morgan Sindall Group plc Approves Interim Dividend for 2026, Payable on 22 October 2026 Morgan Sindall Group plc announced that the Board of Directors has proposed an interim dividend of 55 pence per share, an increase of 10% on the prior year interim dividend (HY 2025: 50.0 pence) was approved by the Board on 22 July 2026. This will be paid on 22 October 2026 to shareholders on the register on 2 October 2026. The ex-dividend date will be 1 October 2026. New Risk • Jul 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • May 09
Morgan Sindall Group plc Approves the Final Dividend for the Year Ended 31 December 2025 Morgan Sindall Group plc at its Annual General Meeting held on May 7, 2026, approved the final dividend of 108 pence per ordinary share for the year ended 31 December 2025. Announcement • Apr 16
Morgan Sindall Group plc to Report First Half, 2026 Results on Jul 23, 2026 Morgan Sindall Group plc announced that they will report first half, 2026 results on Jul 23, 2026 Announcement • Mar 25
Morgan Sindall Group plc, Annual General Meeting, May 07, 2026 Morgan Sindall Group plc, Annual General Meeting, May 07, 2026. Location: the offices of morgan sindall group plc, kent house, 14 17 market place, w1w 8aj, london United Kingdom Announcement • Feb 25
Morgan Sindall Group plc Proposes Final Dividend Morgan Sindall Group plc proposed final dividend has increased by 20% to 108.0 pence per share (FY 2024: 90.0 pence),resulting in a total dividend for the year of 158.0 pence per share (FY 2024: 131.5 pence), an increase of 20% and represents dividend cover of 2.4x. This reflects the Group's significant performance in the year, its strong balance sheet and the Board's confidence in the long-term future prospects of the Group. Announcement • Feb 12
Morgan Sindall Group plc Reiterates Earnings Guidance for the Year 2025; Provides Earnings Guidance for the Year 2026 Morgan Sindall Group plc reiterated earnings guidance for the year 2025. During 2025, all divisions performed well with the Group on track to deliver an outcome for 2025 in line with current expectations.
The company announced that Fit Out's profits for 2026 are now expected to be significantly ahead of expectations and significantly above the top end of the medium-term target of £80-100 million, driving a Group outlook for 2026 also ahead of expectations. All other divisions remain on track to perform in line with the Group's previous expectations. Announcement • Sep 16
Morgan Sindall Group plc to Report Fiscal Year 2025 Results on Feb 25, 2026 Morgan Sindall Group plc announced that they will report fiscal year 2025 results on Feb 25, 2026 Announcement • Jul 31
Morgan Sindall Group plc Approves Interim Dividend for 2025, Payable on 23 October 2025 Morgan Sindall Group plc proposed interim dividend of 50.0 pence per share for 2025 was approved by the Board on 28 July 2025, an increase of 20% on the prior year interim dividend (half year 2024: 41.5 pence) and will be paid on 23 October 2025 to shareholders on the register at 3 October 2025. The ex-dividend date is 2 October 2025. Announcement • Jun 19
Morgan Sindall Group plc Updates Earnings Guidance for the Full Financial Year 2025 Morgan Sindall Group plc updated earnings guidance for the full financial year 2025. For the year, the Group now anticipated that its full year results for 2025 will be significantly ahead of its previous expectations. Announcement • Jun 02
Morgan Sindall Group plc to Report First Half, 2025 Results on Jul 29, 2025 Morgan Sindall Group plc announced that they will report first half, 2025 results on Jul 29, 2025 Announcement • May 02
Morgan Sindall Group plc Approves Final Dividend for the Year Ended 31 December 2024 Morgan Sindall Group plc at its AGM held on 1 May 2025, approved the final dividend of 90 pence per ordinary share for the year ended 31 December 2024. Announcement • Mar 21
Morgan Sindall Group plc, Annual General Meeting, May 01, 2025 Morgan Sindall Group plc, Annual General Meeting, May 01, 2025. Location: the offices of morgan sindall group plc, kent house, 14 17 market place, w1w 8aj, london United Kingdom Announcement • Jan 16
Morgan Sindall Group plc Appoints Michael Findlay as Non-Executive Director, Effective from 20 January 2025 Morgan Sindall Group plc advises that Michael Findlay, Chair of the Company, will be appointed as non-executive director and chair designate of Hays plc with effect from 20 January 2025 and become non-executive Chair on 1 May 2025. Announcement • Jan 15
Morgan Sindall Group plc Announces Board Changes, Effective from 28 July 2025 Morgan Sindall Group plc appointed Michael Findlay is to retire on 28 July 2025 in his ninth year as Chair of the Morgan Sindall Board. Company also announce, the appointment of Peter Harrison as a non-executive director and Chair designate with effect from 6 May 2025. Peter will assume the role of Chair of the Board and nomination committee when Michael Findlay retires. Peter was Group CEO at Schroders plc until November 2024, and prior to that his roles included Chair and CEO of RWC Partners, global chief investment officer at Deutsche Asset Management, and head of global equities at JP Morgan Asset Management. Peter is a member of the Capital Markets Industry Taskforce, and Chair of the King's Responsible Business Network, Business in the Community. Recent Insider Transactions • Oct 30
Founder recently sold €1.3m worth of stock On the 25th of October, John Morgan sold around 29k shares on-market at roughly €46.26 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Announcement • Oct 24
Morgan Sindall Group plc to Report Fiscal Year 2024 Results on Feb 19, 2025 Morgan Sindall Group plc announced that they will report fiscal year 2024 results on Feb 19, 2025 Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €44.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €60.42 per share. Announcement • Oct 22
Morgan Sindall Group plc Updates Earnings Guidance for the Full Year 2024 Morgan Sindall Group plc updated earnings guidance for the full year 2024. For the period, the Group now anticipates that its full year results for 2024 will be significantly ahead of its previous expectations. Upcoming Dividend • Sep 26
Upcoming dividend of UK£0.41 per share Eligible shareholders must have bought the stock before 03 October 2024. Payment date: 24 October 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.6%). Declared Dividend • Aug 11
First half dividend of UK£0.41 announced Shareholders will receive a dividend of UK£0.41. Ex-date: 3rd October 2024 Payment date: 24th October 2024 Dividend yield will be 3.8%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 3.3% over the next 3 years. However, it would need to fall by 50% to increase the payout ratio to a potentially unsustainable range. Announcement • Aug 08
Morgan Sindall Group plc Approves Interim Dividend, Payable on 24 October 2024 The Board of Directors of Morgan Sindall Group plc approved the proposed interim dividend of 41.5 pence per share, an increase of 15% on the prior year interim dividend (HY 2023: 36.0 pence). This will be paid on 24 October 2024 to shareholders on the register on 4 October 2024. The ex-dividend date will be 3 October 2024. Announcement • Jul 24
Morgan Sindall Group plc Announces Directorate Change Morgan Sindall Group plc announced that Malcolm Cooper is retiring as a non-executive director with effect from 31 August 2024. Mark Robson will join the Board as a non-executive director, with effect from 1 September 2024. Mark will be a member of the remuneration and nomination committees and will take over as responsible business committee chair on appointment. Mark has strong strategic, commercial and finance experience most recently developed as Group CFO of Howden Joinery Group plc from 2005 to 2021, latterly also as Deputy CEO. He was previously Group CFO at Delta plc. Mark began his career at PWC. He is currently non-executive director and audit committee chair at Grafton Group plc. Announcement • Jul 09
Morgan Sindall Group plc to Report First Half, 2024 Results on Aug 08, 2024 Morgan Sindall Group plc announced that they will report first half, 2024 results on Aug 08, 2024 Announcement • Jun 27
Morgan Sindall Group plc Announces Executive Changes Morgan Sindall Group plc announced retirement of Clare Sheridan as Company Secretary with effect from June 27, 2024. Clare has served in her role since May 31, 2014. The Board of the company appointed Helen Mason as Company Secretary with effect from June 27, 2024. Helen, has been General Counsel for the Group since 2014, is now General Counsel and Company Secretary. Announcement • Jun 19
Morgan Sindall Group plc Announces Step Down of Kathy Quashie as Non-Executive Director, Effective July 31, 2024 Morgan Sindall Group plc announced that Kathy Quashie has notified the Board of her intention to step down as a non-executive director with effect from 31 July 2024 to focus on the immediate commitments of her new executive role at Inetum Group. Upcoming Dividend • Apr 18
Upcoming dividend of UK£0.78 per share Eligible shareholders must have bought the stock before 25 April 2024. Payment date: 16 May 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.1%). Announcement • Apr 09
Morgan Sindall Group plc Resignation of Steve Crummett from the Board, Effective on 7 May 2024 Morgan Sindall Group plc confirmed that Finance Director, Steve Crummett, will step down from the Board on 7 May 2024. Declared Dividend • Feb 25
Final dividend of UK£0.78 announced Shareholders will receive a dividend of UK£0.78. Ex-date: 25th April 2024 Payment date: 16th May 2024 Dividend yield will be 4.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: UK£2.54 (vs UK£1.33 in FY 2022) Full year 2023 results: EPS: UK£2.54 (up from UK£1.33 in FY 2022). Revenue: UK£4.12b (up 14% from FY 2022). Net income: UK£117.7m (up 93% from FY 2022). Profit margin: 2.9% (up from 1.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year. Announcement • Feb 23
Morgan Sindall Group plc, Annual General Meeting, May 02, 2024 Morgan Sindall Group plc, Annual General Meeting, May 02, 2024. Announcement • Dec 06
Morgan Sindall Group plc to Report Fiscal Year 2023 Final Results on Feb 22, 2024 Morgan Sindall Group plc announced that they will report fiscal year 2023 final results on Feb 22, 2024 Announcement • Nov 23
Morgan Sindall Group plc Announces Board Changes Morgan Sindall Group plc announced that Tracey Killen has notified the Board of her intention to step down as a non-executive director with effect from 31 December 2023. Jen Tippin will take over from Tracey as chair of the remuneration committee with effect from 7 December 2023. Sharon Fennessy will join the Board as a non-executive director, with effect from 1 January 2024. Sharon will be a member of the nomination and audit committees and will take over as audit committee chair after the AGM in 2024. Sharon is a highly accomplished FTSE financial leader with a strong track record of reporting standards at the highest level. She is currently non-executive director and member of the remuneration committee at Gowan Group Limited and non-executive director member of the audit and risk committee at John Lewis Partnership Limited. Sharon has strong strategic and commercial experience developed through her career at Diageo plc and in roles with Nortel Networks and Deloitte. Announcement • Sep 29
Morgan Sindall Group Promotes Phil Mayall to the Role of Managing Director for Its Regeneration Business, Muse Developments Morgan Sindall Group has promoted Phil Mayall to the role of managing director for its regeneration business, Muse Developments. Mayall has been managing director for the North West at Muse since 2019. He is also a director of the English Cities Fund, a national regeneration partnership between Muse, Homes England and Legal & General. In his new role, Mayall will expand his existing responsibilities, working with colleagues and partners to deliver long-term projects that transform towns and cities. Upcoming Dividend • Sep 28
Upcoming dividend of UK£0.36 per share at 5.1% yield Eligible shareholders must have bought the stock before 05 October 2023. Payment date: 26 October 2023. Payout ratio is a comfortable 75% and the cash payout ratio is 82%. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (4.0%). Reported Earnings • Aug 04
First half 2023 earnings released: EPS: UK£1.00 (vs UK£0.94 in 1H 2022) First half 2023 results: EPS: UK£1.00 (up from UK£0.94 in 1H 2022). Revenue: UK£1.94b (up 14% from 1H 2022). Net income: UK£46.3m (up 7.7% from 1H 2022). Profit margin: 2.4% (down from 2.5% in 1H 2022). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Construction industry in Germany. Announcement • Jun 29
Morgan Sindall Group plc Updates Group Earnings Guidance for the Second Half of Fiscal Year 2023 Morgan Sindall Group plc updated group earnings guidance for the second half of fiscal year 2023. As a result of the continued strong momentum in Fit Out and its forward order book for the second half, together with the anticipated net prospects for the rest of the Group, the Board now expects full year profit for the Group to be ahead of its previous expectations. Announcement • May 05
Morgan Sindall Group plc Approves the Final Dividend for the Year Ended 31 December 2022 Morgan Sindall Group plc held its AGM on 4 May 2023. The shareholders approved the final dividend of 68 pence per ordinary share for the year ended 31 December 2022. Upcoming Dividend • Apr 20
Upcoming dividend of UK£0.68 per share at 5.8% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 18 May 2023. Payout ratio is on the higher end at 76%, and the cash payout ratio is above 100%. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.9%). Board Change • Apr 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Kathy Quashie was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 27
Full year 2022 earnings released: EPS: UK£1.33 (vs UK£2.12 in FY 2021) Full year 2022 results: EPS: UK£1.33 (down from UK£2.12 in FY 2021). Revenue: UK£3.61b (up 12% from FY 2021). Net income: UK£60.9m (down 38% from FY 2021). Profit margin: 1.7% (down from 3.0% in FY 2021). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Construction industry in Europe. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: UK£1.33 (vs UK£2.12 in FY 2021) Full year 2022 results: EPS: UK£1.33 (down from UK£2.12 in FY 2021). Revenue: UK£3.61b (up 12% from FY 2021). Net income: UK£60.9m (down 38% from FY 2021). Profit margin: 1.7% (down from 3.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Construction industry in Europe. Announcement • Feb 06
Morgan Sindall Group plc to Report Fiscal Year 2022 Results on Feb 23, 2023 Morgan Sindall Group plc announced that they will report fiscal year 2022 results on Feb 23, 2023 Upcoming Dividend • Sep 29
Upcoming dividend of UK£0.33 per share Eligible shareholders must have bought the stock before 06 October 2022. Payment date: 26 October 2022. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 6.4%. Within top quartile of German dividend payers (5.5%). Higher than average of industry peers (4.4%). Reported Earnings • Aug 05
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£40.4m from profit in 1H 2021). Profit margin: (down from 2.6% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 3.4%, compared to a 5.4% growth forecast for the industry in Germany. Announcement • Aug 05
Morgan Sindall Group Proposes an Interim Dividend Payable on 26 October 2022 The Board of Directors of Morgan Sindall Group plc has proposed an interim dividend of 33.0 pence per share, an increase of 10% on the prior year interim dividend. This will be paid on 26 October 2022 to shareholders on the register at 7 October 2022. The ex-dividend date will be 6 October 2022. Announcement • Aug 04
Morgan Sindall Group plc Revised Earnings Guidance for the Full Year of 2022 Following the Group's strong first half performance and with the current visibility there is of the rest of the year, the Morgan Sindall Group plc now expects to deliver a result for the full year 2022 which is slightly ahead of its previous expectations. Announcement • May 21
Morgan Sindall Group plc to Report First Half, 2022 Results on Aug 04, 2022 Morgan Sindall Group plc announced that they will report first half, 2022 results on Aug 04, 2022 Announcement • May 08
Morgan Sindall Group plc Approves Final Dividend for the Year Ended 31 December 2021 Morgan Sindall Group plc at its Annual General Meeting ('AGM') held on 5 May 2022 approved final dividend of 62 pence per ordinary share for the year ended 31 December 2021. Announcement • May 05
Morgan Sindall Group plc Provides Earnings Guidance for 2022 Morgan Sindall Group plc announced that current market conditions are expected to continue for the foreseeable future, however, on the basis of the performance to date and the current visibility of future workload for delivery in the remainder of the year, the Group is confident of delivering a full year performance which is in line with its previous expectations. Upcoming Dividend • Apr 21
Upcoming dividend of UK£0.62 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 18 May 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of German dividend payers (3.9%). In line with average of industry peers (3.7%). Recent Insider Transactions • Mar 06
Founder recently sold €815k worth of stock On the 4th of March, John Morgan sold around 29k shares on-market at roughly €27.79 per share. This was the largest sale by an insider in the last 3 months. John has been a seller over the last 12 months, reducing personal holdings by €16m. Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: UK£2.12 (up from UK£1.00 in FY 2020). Revenue: UK£3.21b (up 5.9% from FY 2020). Net income: UK£97.9m (up 116% from FY 2020). Profit margin: 3.0% (up from 1.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 3.7%, compared to a 11% growth forecast for the industry in Germany. Announcement • Feb 24
Morgan Sindall Group plc Proposes Final Dividend, Payable on May 18, 2022 Morgan Sindall Group plc announced that the final dividend has increased by 55% to 62.0 pence per share (FY 2020: 40.0 pence), resulting in a total dividend for the year of 92.0 pence per share (FY 2020: 61.0 pence), an increase of 51%. This represents dividend cover of 2.46x and reflects the result for the year, the strong balance sheet and the Board's confidence in the future prospects of the Group. This will be paid on 18 May 2022 to shareholders on the register at 29 April 2022. The ex-dividend date will be 28 April 2022. Upcoming Dividend • Sep 30
Upcoming dividend of UK£0.30 per share Eligible shareholders must have bought the stock before 07 October 2021. Payment date: 26 October 2021. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (2.9%). Recent Insider Transactions • Aug 12
Finance Director & Director recently sold €686k worth of stock On the 9th of August, Stephen Crummett sold around 25k shares on-market at roughly €27.42 per share. This was the largest sale by an insider in the last 3 months. Stephen has been a seller over the last 12 months, reducing personal holdings by €1.4m. Reported Earnings • Aug 06
First half 2021 earnings released: EPS UK£0.88 (vs UK£0.24 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£1.56b (up 14% from 1H 2020). Net income: UK£40.4m (up 278% from 1H 2020). Profit margin: 2.6% (up from 0.8% in 1H 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 19% share price gain to UK£27.55, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Construction industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €33.39 per share. Announcement • Jul 23
Morgan Sindall Group plc Announces an Update on Trading and the Outlook for the 2021 Morgan Sindall Group plc announced an update on trading and the outlook for the 2021 financial year. Since its last Trading Update on 22 April 2021, trading has been strong and the positive momentum across the Group has continued to accelerate. All divisions have performed well and the results for the Group for the six months to 30 June 2021 are expected to show profit before tax1 in the region of £53 million, reflecting growth of c238% on the 2020 half year result and up c46% on the 2019 'pre-pandemic' comparative period. The Group now anticipates that its full year results for 2021 will be significantly ahead of its previous expectations. Recent Insider Transactions • Apr 24
Founder recently sold €15m worth of stock On the 22nd of April, John Morgan sold around 650k shares on-market at roughly €23.61 per share. This was the largest sale by an insider in the last 3 months. John has been a seller over the last 12 months, reducing personal holdings by €16m. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improved over the past week After last week's 17% share price gain to UK£25.35, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Construction industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €18.83 per share.