Galliford Try Reports Sixth Consecutive Year of Growth with £4.3bn Order Book
Galliford Try Holdings PLC (LSE: GFRD) has reported a sixth consecutive year of growth, driven by its building, infrastructure, and specialist services operations. The construction group's adjusted profit before tax rose 24% to nearly £56 million on revenue up 3%, with operating margins improving from 3% to 3.5%. CFO Kris Hampson highlighted strong cash generation, with average cash increasing 21% to £216.2 million. The company's order book has grown by 5% year-on-year to reach £4.3 billion, securing over 90% of this year’s revenue and nearly two-thirds for 2028. Hampson emphasized the high quality of work in long-term frameworks with government clients, which account for most of the business. The firm also announced a £15 million share buyback following last year's £10 million repurchase. Looking ahead, Galliford Try expects continued margin improvement and is targeting an adjusted operating margin of 4% by 2030. It remains active in M&A opportunities while maintaining its dividend at 1.8 times cover based on adjusted earnings per share.
Topics: construction M&A order_book profit_growth share_buyback