The firm released an update on trading for the half ended 31 December 2019, while also shedding light on its £3.2 billion order book for 2020. Recent significant contract wins include appointments to the YORCivil four-year major framework for Sheffield Council, AMP7 for Yorkshire Water, AMP7 for Southern Water, the A47 and A303 improvement works for Highways England and, in the private sector, the prestigious Project Nash development in central London for the Portman Estate.
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The Group has also been re-admitted to the Government's Prompt Payment Code.
The underlying construction business continues to perform well and in line with management's expectations for the financial year ending 30 June 2020. As previously highlighted, the Group expects performance to be weighted to the second half of the financial year due to both market uncertainty and the settlement of certain claims in the first half of the year.
Bill Hocking, Chief Executive, commented: "The successful completion of the disposal of the housing and partnerships divisions means Galliford Try is now a well-capitalised and focused UK construction group. Our robust financial position combined with market leading positions in our chosen sectors means that we are strongly positioned for future disciplined growth. I am very excited about the future opportunities for Galliford Try. There is good momentum in the business, reflected by a number of significant wins through the first half of the year and the strength of the high-quality order book."
The Group expects to announce its results for the half year and a strategy update on 12 March 2020.
(CM/MH)
