Morgan Sindall Construction & Infrastructure has contributed to half year results released today by parent company Morgan Sindall Group plc, the construction and regeneration group.

Morgan Sindall Group has delivered strong profit growth in the first half of this year with adjusted operating profit up 18% to £37.5m (HY 2018: £31.9m) on revenue of £1,421m (HY 2018: £1,423m).

The Group reports a secured order book of £4.2bn, up 19% from the year end, with the regeneration and development pipeline now £3.3bn, up 6% from the year end position. With adjusted earnings per share up 15% for the period to 64.2p (HY 2018: 55.6p), and interim dividend up 11% to 21.0p (HY 2018: 19.0p), the Group is confident of a strong performance for the second half of 2019.

Morgan Sindall Construction & Infrastructure has its national headquarters in Rugby, along with regional offices and sites across the UK. Commenting on the results, Simon Smith, managing director for Morgan Sindall Infrastructure, said:

“We entered 2019 in a robust position, and these interim results show that we are continuing this positive momentum.

“Infrastructure’s strategic focus on six specific sectors and careful selection of projects within these markets, combined with our commitment to delighting our customers, stands us in good stead for continued progress.”

Pat Boyle, managing director for Morgan Sindall Construction, added:

“We are dedicated to not only delivering outstanding projects that exceed expectations, but also to leaving a lasting legacy by improving the social, economic and environmental wellbeing of the communities in which we operate.

“We think this genuine commitment to social value is a real differentiator for us.”

In Morgan Sindall Infrastructure a number of projects in the water sector have contributed to the half year results. The division is continuing to work with Welsh Water and Yorkshire Water as part of two Asset Management Period 2015 – 2020 frameworks to upgrade and enhance the water networks. In addition, it is also continuing to deliver the £416 million west section of the Thames Tideway Tunnel as part of a joint venture. During the period, tunnelling has started on the 7km main tunnel drive and the 1km Frogmore connection tunnel.