Galliford Try reports strong position on AMP5 water framework renewals
Thursday, 25 February 2010
Galliford Try’s Interim Report for the six months ended 31 December 2009 has reported sharply reduced turnover – group revenue was down from £774M in 2008 to £570M.
However, the group said it had a construction margin of 2.6% and excellent cash in challenging market. Galiford Try’s contracting order book is also up 6% at £1.8 billion and the company said it was in a strong position on AMP5 water framework renewals.
Commenting on the results, Greg Fitzgerald, Chief Executive, said:
“Against the backdrop of a more stable housing market we have made excellent progress with the first stage of our transformational housebuilding strategy for our southern based business, bringing land acquisition opportunities with attractive potential returns to fruition.
The market for construction is challenging but our quality order book and the spread and depth of our industry leading business across its market sectors continue to be key strengths that will enable us to respond quickly to a market upturn once it occurs.
While the Board remains cautious on the overall economic environment, with a strong balance sheet and sector leading cash resources the Group is well placed to take advantage of opportunities across its activities as they arise”.
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Two of NOV Mono’s revolutionary 
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