FTSE 250 firm says full-year revenue will be close to £2bn

Galliford Try has upgraded the forecast for its full-year numbers on the back of a strong performance in infrastructure work.

In a trading update this morning, the FTSE 250 firm said its frameworks in sectors including transportation, education, defence, custodial and health meant trading was ahead of the prior year.

It said: “Given the outlook, we now expect revenue for the full financial year to be towards the upper end of current market expectations and for adjusted profit before tax to be slightly above the top end of current market expectations.”

galliford low res

Galliford Try said the success of long-term infrastructure frameworks meant its full-year numbers had been upgraded

Analysts are expecting revenue for the year to June to be around £1.9bn with adjusted profit before tax between £46.8m and £47.7m.

It said that its average month-end cash for the 12 months to the end of last year was £190m, up from £179m for the period before. Cash for the six months to December was £212m, up from £210m.

The firm, which is due to release its interim results on 4 March, said its order book at the end of last year was up £200m to £4.1bn.

Topics