Morgan Sindall Group Regulatory News (MGNS)

27 Nov 2007 07:01

Morgan Sindall PLC27 November 2007 MORGAN SINDALL plc 27 November 2007 Analyst and Shareholder Visit and Trading Update Morgan Sindall plc ('The Company'), the construction and regeneration group thatoperates through five divisions, Affordable Housing, Construction, Development,Fit Out and Infrastructure Services, will today (27 November 2007) be hosting asite visit for analysts and shareholders. The site visit will take place atKing's Cross Station where Morgan Est, the Company's Infrastructure Servicesdivision, is modernising and upgrading the station for London Underground. The purpose of this event is to provide shareholders and analysts with anoverview of the Infrastructure Services division, its recent expansion and theimpact of the acquisition of Amec Design and Project Services on its operations. A presentation will be given by Mark Cutler, Managing Director of the Infrastructure Services division. There is also an opportunity for analysts to attend a presentation at 1pm todayat the Company's London office on mixed use developments and the fit out market.This presentation will be given by Nigel Franklin, Managing Director of Muse Developments and Steve Elliott, Managing Director of the Fit Out division. A copy of both presentations will be made available on the Group's website on27 November. No new trading or price sensitive information will be provided during thepresentations or at the site visit. Prior to this visit, the Company isproviding the following update on trading. Morgan Sindall continues to perform in line with management expectations for thecurrent year and the positive outlook for 2008 across all our business areasremains unchanged. The Fit Out division continues to see a good level of enquiries with its orderbook at a similar level to the same stage last year. The market for theConstruction and Infrastructure Services divisions remains buoyant with orderlevels being maintained, whilst the integration of the Design and ProjectServices business recently acquired from Amec is proceeding well. Affordable Housing's order book has increased further since the interimannouncement and the division is expected to sell more open market units than inthe previous year. Development is trading in line with our expectations and theopportunities for the division remain encouraging with a healthy developmentpipeline. Overall the outlook for our businesses in the construction and regenerationsectors remains positive and the Company looks forward to providing furtherdetails in its pre close trading statement on 13 December. ENQUIRIES: Morgan Sindall plc Tel: 020 7307 9200 John Morgan, Executive ChairmanPaul Smith, Chief ExecutiveDavid Mulligan, Finance Director Blythe Weigh Communications Tel: 020 7138 3204 Tim Blythe Mob: 07816 924626Paul Weigh Mob: 07989 129658 This information is provided by RNS The company news service from the London Stock Exchange