Galliford Try confident of meeting full year expectations

Housebuilding and construction group Galliford Try said it continues to see good market conditions in all of its businesses and remains confident of achieving its expectations for the current financial year.

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The company said its housing business, Linden Homes, has enjoyed improved rates of sale of 0.60 units per outlet per week since the start of the financial year, compared with 0.48 for the equivalent period last year, from an average of 75 outlets.

Galliford Try Partnerships continues to see strong demand and is working successfully with its registered provider partners to adapt to the Summer Budget changes.

The group said its construction business is winning a strong level of new work at margins reflecting the improving market, and continues to make strides in closing out legacy contracts.

“The challenges of cost and availability of labour and materials are continuing to moderate across all our businesses,” the company said.