Pair issue positive statements about workloads
Listed firms Galliford Try and Keller said workloads in their markets were holding up in positive trading updates the pair announced this morning.
Ahead of its AGM, Galliford Try said it had secured 92% of its project revenue for the current year with a further 75% nailed down for the following year.
“Our strong market position in select sectors, particularly in the water industry, is well aligned with future Government infrastructure spending plans,” it said, adding that its interim results will be published on 4 March.
Meanwhile, geotechnical engineer Keller admitted “the volatile macroeconomic background is affecting demand in a number of regions”.
But it added: “The group continues to combine improved operational performance with a good level of new project wins in our more resilient markets. This overall sustained performance of the group together with our strong order book, maintained at record levels, and healthy tendering pipeline underpins our confidence in the trading outlook for the short and medium term.”
It said it was on track to deliver full-year results in line with market expectations. Which are expected to be an underlying operating profit of £214m.
The firm will announce its 2025 numbers on 3 March.
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