In a trading statement today Galliford Try says that a succession of recent contract awards mean that its financial results this year will be at the upper end of analysts鈥� forecasts.
This suggests revenue for the year to 30th June 2025 of around 拢1,830m (2024: 拢1,773m) and pre-tax profit of around 拢35m (2024: 拢31m).
鈥淭rading is ahead of both the prior year period and the board's expectations,鈥� the company said.
The order book of 拢3.9bn, compared to 拢3.7bn a year ago, remains predominantly in long term frameworks, providing visibility of secure future workload.
Since the start of the financial year on 1st July 2024, project and framework wins include:
- two building projects in London with a combined value of 拢87m,
- the 拢88.9m South East Aylesbury Link Road,
- places on the 拢3.7bn Wessex Water AMP8 framework, the complex element of聽 Yorkshire Water's 拢850m new non-infrastructure works framework and Southern Water's capital programme聽 strategic delivery partner framework, and
- places on the new 拢835m NHS North of England commercial procurement collaborative.
Chief executive Bill Hocking said: "Our strong performance in the first half of the financial year provides increased confidence for the full year.
鈥淲e are pleased with our successes on the new AMP8 frameworks and the opportunities we see across all our chosen sectors.聽 We have excellent people and project teams, a strong balance sheet and a high-quality carefully selected order book.
鈥淓ncouraged 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."
Galliford Try expects to announce its results for the half year to 31st December 2024 on 5th 聽March 2025.
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