Galliford Try 'performing well', confident of meeting FY objectives

Construction firm Galliford Try said on Friday that group operations were "performing well", with margins in line with internal expectations.

Galliford Try stated it had continued to manage inflation and supply challenges, while also maintaining a strong cash position as it maintained it "strict focus" on risk management, contract selection and operational excellence.

The London-listed firm also noted that the integration of the recently acquired NMCN with its existing water business was "progressing well" and that it was "encouraged" by a continuing pipeline of new opportunities that align with its strategy and chosen sectors, as well as the government's planned investment in infrastructure and economic recovery.

"The board is confident of meeting its objectives for the current financial year and in its plans to deliver strong performance and long-term sustainable value for all stakeholders," said Galliford Try.

As of 0915 GMT, Galliford Try shares were up 1.76% at 196.20p.