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Home News Fit Out Specialist Boosts Parent Group Results
Monday, 13th August 2018
Overbury has contributed to its parent group company's half year results for FY18.
National fit out and refurbishment specialist Overbury which has offices in London, Birmingham, Bracknell, Glasgow, Leeds and Manchester, has contributed to half year results released on 8 August, by parent company Morgan Sindall Group plc, the construction and regeneration group.
Morgan Sindall Group has delivered profit growth in the first half of this year with adjusted operating profit up 28% to £31.9m (HY 2017: £24.9m) on revenue of £1,423m (HY 2017: £1,307m), a 9% increase on the previous half year. The Group reports an order book of £3,604m with adjusted earnings per share up 28% for the period to 55.6p (HY 2017: 43.6p). The interim dividend has been increased by 19% to 19.0p (HY 2017: 16.0p) with the Group confident of a strong performance for the second half of 2018.
“Our reputation for high-quality fit out, exceptional service delivery and our committed order book, has given us a strong start to 2018,” says Chris Booth, managing director of Overbury. “Increased operational efficiencies, a range of projects across many sectors, and our regional reach for national clients has enabled us to maintain a set of results which are industry-leading. We’re proud to have contributed to a strong first half for the Group.”