Morgan Sindall Group (MGNS): Fit Out profit outperformance
This situation live
MGNS Morgan Sindall Group
12 Feb 2026 · 2026 guided ahead of expectations · −3% until the next step
The Group will announce its full year audited financial results for the year ending 31 December 2025 on 25 February 2026.
25 Feb 2026 · Reconfirmed at results; on track · −7% until the next step
are on track to deliver an outcome for 2026 which is in line with revised expectations as set out in our Trading Update released on 12 February 2026".
16 Apr 2026 · Raised again; further above £80-100m target · −1% until the next step
Profits are now expected to be significantly ahead of previous expectations and further exceed the top-end of its Medium-Term Target of £80m - £100m.
23 Jul 2026 · Held; Fit Out target raised to £100-130m · −19% since
For the full year, the division is expected to have another strong performance, with profits expected to now be slightly ahead of the top end of the revised medium-term target range (Average annual op
Fit Out profit outperformance
Held; Fit Out target raised to £100-130m
Next: Full-year delivery slightly ahead of top of £100m-£130m range
Every step · 4
- 12 Feb 2026 2026 guided ahead of expectations – The Group will announce its full year audited financial results for the year ending 31 December 2025 on 25 February 2026. ↗
- 25 Feb 2026 Reconfirmed at results; on track – are on track to deliver an outcome for 2026 which is in line with revised expectations as set out in our Trading Update released on 12 February 2026". ↗
- 16 Apr 2026 Raised again; further above £80-100m target – Profits are now expected to be significantly ahead of previous expectations and further exceed the top-end of its Medium-Term Target of £80m - £100m. ↗
- 23 Jul 2026 Held; Fit Out target raised to £100-130m – For the full year, the division is expected to have another strong performance, with profits expected to now be slightly ahead of the top end of the revised... ↗
What is happening
Morgan Sindall Group: Fit Out profit outperformance – Held; Fit Out target raised to £100-130m. ['Held; Fit Out target raised to £100-130m']
- Announced
- 12 Feb 2026 · 2026 guided ahead of expectations
- Latest
- 23 Jul 2026 · Held; Fit Out target raised to £100-130m
- What it changes
- The upgrades are held rather than extended. Fit Out and Construction medium-term targets are raised, while Partnership Housing and Mixed Use weaken, so the group relies on those two divisions.
What comes next
Full-year delivery slightly ahead of top of £100m-£130m range.
Briefing Pro
New to Morgan Sindall Group? Get up to speed in 2 minutes.
What it does, how it got here, what management promised and delivered – written from its own announcements.
Get the MGNS briefing →From the company's own announcements. Not investment advice.
Also at Morgan Sindall Group 1 open
Insider conviction1 director buying – £514k in 1 buy
Insider conviction1 director buying – £30k in 1 buy · closed
Insider conviction4 directors buying – £555k in 5 buys · closed
Morgan Sindall Group – company page →