Galliford Try Holdings PLC AGM Statement (1700S)
12 November 2021 - 6:00PM
UK Regulatory
TIDMGFRD
RNS Number : 1700S
Galliford Try Holdings PLC
12 November 2021
GALLIFORD TRY HOLDINGS PLC
Annual General Meeting Statement and Update on Current
Trading
Friday 12 November 2021
Galliford Try Holdings plc, the UK construction group, is
holding its Annual General Meeting (AGM) at 11:00am today, Friday
12 November 2021 at the offices of Peel Hunt LLP, 100 Liverpool
Street, EC2M 2AT.
Update on Current Trading and Outlook
The Group's operations are performing well, as we continue to
manage inflation and supply challenges, and maintain a strong cash
position with margins in line with the Board's expectations. In
September 2021 we set out our sustainable growth strategy. This
included refreshed sustainability and financial targets whilst
maintaining our strict focus on risk management, contract selection
and operational excellence.
As announced on 7 October 2021, and consistent with our
sustainable growth strategy, the Group acquired the complementary
water operations and specialist water process and control
businesses of nmcn plc (in administration). The acquisition
provides an excellent strategic fit, an increased order book,
complements our existing geography and accelerates our growth
through established frameworks, as well as creating further
opportunities with new clients. The integration of operations with
our existing water business is progressing well.
We are encouraged by the continuing pipeline of new
opportunities that align to our strategy and chosen sectors, and
the Government's planned investment in infrastructure and economic
recovery. In the period since September, we announced our Building
business was appointed to the new four-year GBP1.6bn LHC Public
Buildings, Construction and Infrastructure PB3 framework which
covers projects across all public sector buildings; and our
Highways business has been appointed to the GBP3.5bn HE Scheme
Delivery Framework. In the private sector our Building business was
appointed to build the GBP56m Secklow Gate private rental sector
(PRS) scheme in Milton Keynes on behalf of AIG and Abbeygate
Developments.
The Board is confident of meeting its objectives for the current
financial year and in its plans to deliver strong performance and
long-term sustainable value for all stakeholders.
For further enquiries please contact:
Bill Hocking, Chief Executive
Andrew Duxbury, Finance Director
Kevin Corbett, General Counsel
Galliford Try & Company Secretary 01895 855001
James Macey White
Tulchan Communications Victoria Boxhall 020 7353 4200
Note to Editors
Galliford Try is a trading name of Galliford Try Holdings plc, a
leading UK construction group listed on the London Stock Exchange.
Operating as Galliford Try and Morrison Construction, the group
carries out building and infrastructure projects with clients in
the public, private and regulated sectors across the UK.
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END
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