BAKERHICKS’ PARENT COMPANY, MORGAN SINDALL GROUP, ANNOUNCE FULL YEAR RESULTS

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BAKERHICKS’ PARENT COMPANY, MORGAN SINDALL GROUP, ANNOUNCE FULL YEAR RESULTS

Morgan Sindall Group, the parent company of BakerHicks, released their Full Year Results today (25th February), which demonstrated resilience in the face of the Covid-19 pandemic.

The Group delivered an adjusted operating profit of £68.5m on revenue of £3.0bn. Whilst this represents a drop from the 2019 figures of £93.1m operating profit and £3.1bn revenue, the Group’s secured order book of £8.3bn showed a 9% year-on-year increase.

With a strengthened balance sheet and net cash of £333m, up from £193m in 2019, the Group has ended 2020 with real momentum. It now expects profit to be materially ahead of its previous expectations and slightly ahead of that delivered in 2019.

More about it here.