Margins at the construction arm are also set to rise to 2% as the successful integration of Miller Construction is completed.
Galliford Try’s hybrid model of construction and housebuilding is continuing to pay dividends as group turnover rose 35% during the six months to December 31 2014 to £1.085bn from £803m last time.
Pre-tax profit also jumped to £42.5m from £38.1m as net debt fell to £35.9m from £85.9m despite an increase in the housing division’s land bank to 14,300 plots.
Linden Homes saw its margin rise to 15.5% during the period while construction was 1%.
Construction turnover during the six months was £604.8m with £169m added from the Miller acquisition.
Galliford Try said construction performance was “in line with our expectations as we work through historical projects, and helped by the Miller Construction acquisition.”
It added that “margins on new work are more robust.”
Construction now has an order book of £3.25bn wth 100% of projected revenue secured for the current financial year and a record 75% secured for 2016.
Greg Fitzgerald, Executive Chairman, said: “We are very pleased with the Group’s strong performance in the six months to 31 December 2014 with our housebuilding and construction businesses both performing well, and are encouraged by the start we have made to the second half of the year.”
Fitzgerald added that the search for a new chief executive was “making good progress.”