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Overbury Makes Significant Contribution to Parent Group’s Financial Results

The National fit-out and refurbishment specialist Overbury, has made a significant contribution to their parent company’s half-year results released earlier today.

The Birmingham-based construction and regeneration group which also has offices in London, Bracknell, Glasgow, Leeds and Manchester, is part of the Morgan Sindall Group plc, which delivered a strong profit growth.

Highlighting the virtues of his firm, Overbury Managing Director Chris Booth said: “Our reputation for high-quality fit-out, exceptional service delivery and our committed order book has given us a strong first half,

“Our strength in the London market, as well as our national presence, has enabled us to maintain a strong performance to date. We’re proud to have contributed to the Group’s results for the first half of 2019.”

Results from the Morgan Sindall Group show an adjusted operating profit of up to 18%, which is £37.5m (HY 2018: £31.9m) on revenue of £1,421m (HY 2018: £1,423m).

The Group reports a secured order book of £4.2bn, up 19% from the year-end, with the regeneration and development pipeline now £3.3bn, up 6% from the year-end position. With adjusted earnings per share up 15% for the period to 64.2p (HY 2018: 55.6p), and interim dividend up 11% to 21.0p (HY 2018: 19.0p), the Group is confident of a strong performance for the second half of 2019.

Andrew Wood, Managing Director of Overbury Birmingham, added: “Overbury has carefully developed a strong reputation for delivering high-quality, award-winning fit-outs across the region. Our team has already delivered some outstanding projects this year, including The Greenhouse, the Birmingham-based UK headquarters of Interface. With some significant projects such as the Alzheimer’s Society’s Dementia Connect facility in the pipeline, I look forward to seeing the rest of our 2019 projects unfold.”

Overbury has been involved in a number of key projects in the first half of 2019 including the design and fit-out of a new 7,350 sq ft office for The Alzheimer’s Society.

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