Galliford Try on track to meet expectations after solid start to 2015
Updated : 09:03
Housebuilding group Galliford Try said business had been strong across all of its division so far in 2015.
In a statement on Wednesday, the London-listed company said it had £982m in sales reserved, £778m of which are due within its financial year to 30 June, contracted or completed across it Linden Homes and Galliford Try Partnerships divisions.
The figure is slightly lower than 12 months ago, although the FTSE 250 company stated conditions in the housing market remained good, while the outlook in the construction sector was improving.
Galliford said that since the turn of the year its Linden Homes division has been selling at 0.68 per outlet per week rate, up from 0.51 between July and December, although it was slower than last year’s rate of 0.8.
The group said its construction business had an order book of £3.3bn, up from £3.2bn at the end of December.
“All businesses continue to perform well with favourable market demand against a background of continuing challenges on the labour supply side in all sectors,” said group executive chairman Greg Fitzgerald.
“The group expects to report full year results in line with analysts' consensus.”
Galliford shares were up 0.74% to 1,497.00p at 08:41 on Wednesday.