Firm reports “good progress” on improving margins
Housing sales at Galliford Try have risen 21% over the autumn period.
In a statement to the City, the firm said it had secured sales worth £585m in the period between 1 July and 18 November, up from £485m over the same period last year.
It added that house sale prices had risen between one and three per cent, although this varied between regions.
Meanwhile, the firm’s general construction arm reported that its order book had risen to £1.75bn from £1.6bn over the period and it had secured 93% of its revenues for the year to 30 June 2014.
Chief executive Greg Fitzgerald said the firm was making “good progress in executing our disciplined growth strategy” and had a “clear focus on improving margins”.
He added: “On the back of an improving housing market and the excellent location of our sites, the autumn selling season has been strong.
“Construction continues to perform impressively in a challenging market albeit with improving levels of opportunities. Overall the group is well placed to deliver further profitable growth.”