Topic Results
Date 06 Mar 2024
Galliford Try has announced a continued strong performance in the first six months of its financial year, making consistent progress across all areas of the business.
The Group has continued to increase its revenue, up by 21% on the same period in 2023, while both profit before tax, up 33% at £15.6m, and margin up 0.2ppts to 2.5%, have seen notable rises.
The business’s cash position remains strong at £150m average month-end cash, and a high-quality order book, predominantly in long-term frameworks, provides visibility and security of future workloads and continued growth prospects well beyond the Group’s current financial year.
Given the successful performance against Galliford Try’s Sustainable Growth Strategy, the business intends to update its strategy to 2030 at a Capital Markets Event on 23 May 2024.
Bill Hocking, Chief Executive of Galliford Try, commented: “I am very pleased with the Group’s performance in the first half of the financial year. There is strong momentum in the business and our continued excellent performance is a reflection of our disciplined strategy, committed people and long-established relationships with our supply chain and clients.”