Galliford Try - FY23 Trading Statement
Galliford Try has announced a positive trading update for the full year to end June 2023. Management guidance is for FY23 pre-exceptional profit before tax to be at the upper end of the current £22.1m-£22.3m consensus range. The group delivered a strong performance across all operations and made good progress against its strategic targets, including the integration of the most recent acquisitions. Cash at YE23 was c£220m (£195.8m at 31 Dec 2022) and the group had repurchased £11.1m shares towards its current £15m target. Further to the settlement of the long-running dispute, Galliford Try announced a 12p per share special dividend in June. The group has benefitted from the recovery in the pace of contracting as well as success in its disciplined approach resulting in the order book hitting £3.7bn at YEFY23, covering 92% of FY24 revenue.Galliford Try is a housebuilding, regeneration and construction group. Co.'s operating segments are: Linden Homes, which is a housebuilder that develops housing on sites, primarily for first-time buyers and families; Partnerships and Regeneration, which is Co.'s specialist regeneration business that works with registered providers and other partners to increase the supply of housing and build sustainable communities; and Construction, which is organised into the Building, Infrastructure and PPP Investments divisions, and also includes facilities management, telecommunications, dry lining and its national piling specialists, Rock & Alluvium.
Capital Access Group advises companies on effective engagement with investors. Our experienced team offers market-leading access with hard-to-reach investors, including smaller institutions, pension funds and private client fund managers. These under-serviced investors are located not only in London but across the regions of the UK and Europe. We have an unrivalled knowledge of this extensive audience, to whom our published research is distributed, as well as to larger institutions. We offer this service as part of an integrated investor communications strategy to promote a company’s investment story.
Our clients, ranging from AIM to FTSE 100 companies, benefit from our professional, long-term relationships with investors. Not only do we identify and target investors, we contact them directly and relay their views back to clients with analysis, interpretation and advice. This ensures that our clients are in control of their investor engagement. The objective is to improve the reach and engagement with investors, which in turn strengthens the share price.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.