Galliford confirms trading on track, shares jump
Galliford Try said on Wednesday that it remained on course to return to profitability, sending the shares higher.
Construction & Materials
11,605.01
17:14 07/01/25
Galliford Try
373.00p
16:45 07/01/25
The construction firm said that all its projects had been fully operational since the start of its financial year, 1 July 2020, despite the latest round of lockdown restrictions, and it continued to trade in line with expectations.
As a result, Galliford said, the board "expects to report a return to profitability and a resumption of dividend with its half year results to 31 December".
The order book as at 31 December was £3.3bn, compared to £3.2bn a year previously. New contracts include Thames Water’s £590m AMP 7 framework and Galliford’s appointment to the £10.5bn NHS Shared Business Services framework.
Chief executive Bill Hocking said: "Despite the ongoing challenges from Covid-19, our strong balance sheet, market-leading sector positions and high-quality order book give me confidence in our future performance."
As at 0900 GMT, shares in Galliford were ahead 6% at 137.3p.
Galliford expects to post interim results in early March.