GALLIFORD Try has revealed that trading is ahead of both the prior year period and board expectations.
The group announced the news in a trading update covering the half-year period from 1 July to 31 December, 2024.Â
Galliford Try has won a number of key projects and places on strategic frameworks throughout the first six months of the current financial year, and said it continues to make ‘good progress’ against its Sustainable Growth Strategy to 2030.
Revenue and profit before tax for the full financial year are expected to be at the ‘upper end’ of current market expectations.
The range of analysts’ forecasts for the year ended 30 June 2025 is £1,803 million to £1,835 million for revenue and £34m to £35.4 million for profit before tax.
The average month-end cash for the rolling 12 months ended 31 December 2024 was £176.4 million (year to 30 June 2024: £154.8m) and period-end cash at 31 December 2024 was £210 million (31 December 2023: £209.2m).
The group’s order book of £3.9 billion is said to remain predominantly in long-term frameworks, including an ‘excellent’ succession of wins in the in the water sector. Galliford Try added that it also sees a good pipeline of opportunities across the group’s chosen sectors.
Chief executive Bill Hocking said, “Our strong performance in the first half of the financial year provides increased confidence for the full year. We are pleased with our successes on the new AMP8 frameworks and the opportunities we see across all our chosen sectors.
“We have excellent people and project teams, a strong balance sheet and a high-quality carefully selected order book. Encouraged by our performance in the first six months of the year and the robust outlook, our expectations for the full year to June 2025 have improved accordingly.”
