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Builders and building materials

Galliford Try maintains momentum with strong outlook for new financial year

Galliford Try Holdings PLC (LSE:GFRD) reported sustained operational momentum into the new financial year, trading in line with expectations.

Ahead of its annual meeting, the construction group highlighted robust revenue and margin growth achieved in the previous year and noted confidence in the outlook for the current year.

Galliford attributed its positive performance to the UK government’s ongoing investment in economic and social infrastructure, bolstered by commitments in the recent Budget.

"Our confidence in the group's future outlook is supported by our high-quality order book and the robust and resilient pipeline of opportunities we see across our chosen sectors," investors were told.

The company also reported progress on its Sustainable Growth Strategy to 2030, aimed at driving long-term success.

Additionally, its £10 million share buyback programme, launched in October, has already seen the purchase of £2.1 million-worth of stock.

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