AGM Statement

12 Apr 2005 07:00

Morgan Sindall PLC12 April 2005 Morgan Sindall plc AGM statement John Morgan, Executive Chairman of Morgan Sindall plc will make the followingcomments at the Group's Annual General Meeting to be held at 12pm today. "In February we announced record results for 2004. I am pleased to report thatthis momentum has continued and that the Group has made a good start to 2005. Fit Out has further strengthened its order book by securing a number ofsignificant contracts since the beginning of the year. Its key market, thecommercial property sector, continues to show signs of improvement. Construction started the year by reaching financial close of its third NHS LIFTscheme at South East Hampshire and has been successful in securing furtherpublic sector framework agreements. Infrastructure Services secured an alliance contract for gas replacement workswith National Grid Transco in February making it one of the leading providers tothe gas utility market. It has also been selected as preferred supplier toSevern Trent Water and as a large schemes partner to Yorkshire Water and WessexWater under the water sector's AMP4 programme. Affordable Housing has continued its strong performance, securing majorrefurbishment programmes for key new clients including Wirral Partnership Homesand the London Borough of Croydon. The outlook for the affordable housing marketremains positive. Overall, our divisions are performing in line with expectations, tradingconditions are positive and we expect the Group to take a further step forwardin 2005. As previously announced John Bishop retires from the Board following the AnnualGeneral Meeting. Whilst John will be remaining with us on a consultancy basisfor a time, I would like to thank him for his significant contribution to theGroup's development over the last 12 years and wish him every success for thefuture." 12 April 2005 Enquiries: Morgan Sindall plc Tel: 020 7307 9200John Morgan, Executive ChairmanPaul Smith, Chief ExecutiveDavid Mulligan, Finance Director College Hill Tel: 020 7457 2020Kate PopeMatthew Smallwood This information is provided by RNS The company news service from the London Stock Exchange