Trading Update and Outlook for 2025
Full year 2025 PBT expected significantly ahead of previous guidance. Fit Out and Construction divisions performing strongly.
vs expectations: ahead
Select text to share a quote on X · sign in to keep highlights & notes in your MGNS notes
Since its last Trading Update on 1st May 2025, the Group now anticipates that its full year results for 2025 will be significantly ahead of its previous expectations.
Fit Out's strong trading activity experienced at the start of the year has continued, providing increased visibility for the rest of the year. Profits are now expected to significantly exceed the Group's previous expectations.
Construction's operating margin for the year is now expected to be in the middle of its Medium Term Target range (3.0% - 3.5%) with revenues also set to exceed previous expectations. As a result of this strong progress, profits are expected to exceed the Group's previous expectations.
All other divisions remain on track to perform in line with the Group's previous expectations. Consequently, Group PBT is now expected to be significantly ahead of previous expectations.
The Group will announce its half year results for the six months to 30th June 2025 on 29th July 2025.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.