Galliford Try lifts full‑year outlook as strong first half boosts confidence

Galliford Try lifts full‑year outlook as strong first half boosts confidence

Bill Hocking

Galliford Try has raised its full‑year revenue and profit expectations after reporting a stronger‑than‑anticipated first half, with trading ahead of both last year and internal forecasts across all divisions.

The FTSE 250 contractor said demand in water, transport and social infrastructure continued to drive performance in the six months to December, supported by its long-term strategy of targeting national frameworks. The ramp‑up of the expanded AMP8 water programmes and steady activity in education, defence, custodial and health were highlighted as key contributors.

The group now expects full‑year revenue to land towards the upper end of the £1.9 billion‑plus analyst range, with adjusted pre‑tax profit set to come in slightly above current market forecasts of around £47 million.



Galliford Try’s order book has risen to £4.1bn, up from £3.9bn a year earlier, with the contractor securing places on several major frameworks. Recent wins include National Grid’s £9bn Major Works & Civils Framework under the HVDC programme, The Hyde Group’s £3bn affordable homes framework across the East, South and London, and reappointment to the £1bn YORCivil Major Works 2 framework. The business described the order book as predominantly long‑term framework work, offering high visibility of future workload.

The group also continues to report one of the strongest balance sheets in the sector. Average month‑end cash over the past 12 months stood at £190 million, with period‑end cash at £212m in December.

Chief executive Bill Hocking said the business is benefiting from a “high‑quality, carefully selected order book” and a strong market position across its chosen sectors. He added that recent wins and ongoing investment in people were helping to build “strong project teams to consistently deliver for clients”.

Hocking said the first‑half performance underpins confidence in delivering strong results for the full year, adding that the group remains focused on long‑term value creation as it progresses its Sustainable Growth Strategy to 2030.


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