Galliford Try CFO updates on progress with Sustainable Growth Strategy
London
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November 17, 2023 01:10 PM Eastern Standard Time
Galliford Try Holdings PLC (LSE:GFRD) chief financial officer Andrew Duxbury speaks to Thomas Warner from Proactive about recent progress with the Sustainable Growth Strategy that the UK construction group first embarked on back in 2021.
Duxbury gives a brief overview of the business and the strategy, aiming to increase revenue from £1.1 billion in 2021 with a 2% operating margin to £1.6 billion with a 3% operating margin by 2026. He says current figures indicate promising growth, with revenue at £1.4 billion and a 31% increase in dividends.
Duxbury emphasises the non-cyclical nature of their work, providing excellent visibility into 2026 despite macroeconomic challenges. He points to recent achievements include a £7 million contract for a build-to-rent scheme at Brent Cross, adding to their robust order book.
Additionally, he says the acquisition of AVRS Systems in the water and energy sector aligns with Galliford Try's strategy, enhancing capabilities and positioning the company well for upcoming procurement cycles.
Duxbury reminds investors of the company's strong financial position, consistent performance, and clear targets up to 2026. He emphasises the robustness of Galliford Try's business model and expressed confidence in its future growth.
Contact Details
Proactive UK Ltd
+44 20 7989 0813
