Construction booming at Galliford Try

Grant Prior 7 years ago
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Galliford Try is not experiencing the construction problems of some of its major rivals as the firm revealed a positive trading statement across all divisions today.

Construction has an order book of £3.4bn and saw growth in both profits and revenue for the year ended June 30 2015.

Housebuilding is also powering ahead with completions up to 3,177 units and average sales prices up 7% to £327,000 while the landbank hit a record 15,750 plots.

Executive chairman Greg Fitzgerald said: “It has been another record year for Galliford Try, and we are pleased to see that the momentum across the Group continues, supported by encouraging market trends for all three businesses.

“We are also delighted with the two important acquisitions of Miller Construction and Shepherd Homes, further increasing the Group’s opportunities and capacity.

“Labour availability and cost remain challenging but we continue to manage this effectively working closely with our supply chain.

“Housing market conditions remain positive and the directors take further confidence from the significant increase in the Group’s landbank as well as the contracting order book within Partnerships.

“Following a resilient performance in Construction throughout a tough recession we are pleased to report another profitable year for the division, and are encouraged by the outlook, with opportunities growing across multiple sectors.”

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