The firm’s model of combining house building and contracting activity is paying dividends in the booming housing market and on-going construction recovery.
In a trading statement this morning ahead of June year-end results, the group reported a record £1bn of sales reserved, contracted or completed across both Linden Homes and Galliford Try Partnerships.
Construction’s order book was also ahead £500m at £1.3bn with 80% of next year’s target turnover secured.
Greg Fitzgerald, Chief Executive, said that the only concern ahead came from challenging production conditions, with supply of both labour and materials constrained by strong demand.
“However these conditions are stabilising and we continue to manage them proactively.”
He added: “The group has made strong progress since the start of the year particularly in housebuilding where market conditions continue to improve.
“With six weeks to the year end, the Group expects to report a profit before tax for the full year ending 30 June 2014 above the current analysts’ consensus of £89.7m and not less than £92m.”
He added: “During the spring selling season Linden Homes experienced strong levels of reservations with sales prices improving above management expectations.
“Our margin enhancement programme is also progressing on plan, and the division has made further progress at the operating margin level. ”