- Galliford Try
- 05 March 2025 09:02:01
Source: Sharecast
The company said revenue and adjusted pre-tax profit were set to be above the top end of market expectations of £1.817bn to £1.835bn and between £35.4m and £36m, respectively.
For the six months to the end of December 2024, the group reported adjusted pre-tax profit of £20.5m, up 22% on the previous year, and revenue of £923.2m, up 12.7%.
Galliford pointed to revenue increases in both the building and infrastructure segments, with the latter continuing to benefit from strong AMP7 spending in the first half ahead of transitioning to the larger AMP8 frameworks.
The interim dividend was lifted 37.5% to 5.5p a share.
Chief executive Bill Hocking said: "The group's excellent performance in the first half of the financial year provides increased confidence and improved revenue, margin and profit expectations for the full year.
"In addition to our continued successes in building and environment we see a pipeline of opportunities across all our chosen sectors. Our track record of operational delivery, focused risk management, committed people and established relationships with our supply chain and clients provides consistency to our results.
"Our recent major long-term framework wins and order book provide clear visibility and security of future workloads well beyond the current financial year and we welcome the Government's commitment to grow the economy by major investment in infrastructure and development."
At 0900 GMT, the shares were up 8.5% at 377.55p.