Morgan SIndall has enjoyed a steady start to the year, with its order book rising 9% to £2.6bn.
In a trading statement covering the period from 1 January 2014 to date, Morgan Sindall said its overall group performance was in line with expectations, with its construction and infrastructure business was beginning to benefit from an increase in market confidence.
But it added that in its construction business its “current margins across most sectors and activities remain tight, with inflationary cost pressures providing additional challenges as expected”.
It said its committed order book across the group at the end of the first quarter rising 9% from the year-end to £2.6bn.
The firm’s construction and infrastructure committed order book at the end of Q1 was up 4% from the year-end to £1.6bn.
The firm said its regeneration and development pipeline was up 2% at £3.1bn.
The firm added that its fit-out business saw its committed order book rise 25% from the year end.