Galliford Try boosts guidance after strong first half
Galliford Try Holdings plc boosted its full-year outlook on Wednesday, after first-half trading beat expectations.
Updating on interim trading, the FTSE 250 construction firm said its businesses were "performing well, with trading ahead of the prior year and the board's expectations".
In particular, it noted that the government's future spending plans aligned with its "extensive participation" in national long-term frameworks in core areas such as transport, education, defence and health. Galliford Try specialises in major building and infrastructure projects across the public, private and regulated sectors.
As a result, it now expects revenues for the year to 30 June 2026 to come in towards the upper end of market expectations, and pre-tax profits to be slightly above forecasts. Consensus is currently for full-year revenues of between £1.9bn and £1.92bn, and profits between £46.8m and £47.7m.
As at 0900 GMT, the stock had put on 3% at 539p.
Bill Hocking, chief executive, said: "We are pleased with our recent framework and project wins as well as the opportunities we continue to see across all our chosen sectors.
"The group benefits from having a strong balance sheet and a high-quality, carefully selected order book, and our ongoing investment in our excellent people continues to build strong project teams to consistently deliver for our clients."
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