Galliford Try (GFRD)

Sector:

Construction and Building Materials

273.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 278.00
  • 52 Week Low: 177.00
  • Currency: UK Pounds
  • Shares Issued: 102.71m
  • Volume: 193,095
  • Market Cap: £280.39m
  • RiskGrade: 238

Galliford Try lifts dividend as H1 profits jump

By Michele Maatouk

Date: Wednesday 06 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Construction firm Galliford Try posted a jump in first-half profit and revenue on Wednesday as it hailed growth in both the building and infrastructure segments, and lifted its dividend.
In the six months to the end of December 2023, pre-tax profit before exceptional costs rose 33% to £15.6m, while revenues were up 21% to £819m.

The order book ticked up to £3.7bn from £3.5bn a year earlier and the company lifted its interim dividend by 33% to 4p a share.

Galliford said 98% of projected revenue for the current financial year was secured, while 83% was already secured for the next.

Revenue in the building segment grew 12% to £446m during the half as the group benefited from the volume of new work that was delayed by inflation and public sector procurement challenges in 2022.

"We continue to target margin progression, with the improvement in the period reflecting the performance of projects across the business and our strategy of focusing on bottom line growth," it said.

In the infrastructure business, revenue rose 31% to £362m.

Chief executive Bill Hocking said: "I am very pleased with the group's performance in the first half of the financial year. There is strong momentum in the business and our continued excellent performance is a reflection of our disciplined strategy, committed people and long established relationships with our supply chain and clients.

"The group has delivered increased revenue and divisional operating margin, as we make accelerated progress towards our strategic objectives, and we will continue to provide long-term sustainable value for our stakeholders.

"Our strong and high quality order book, predominantly in long term frameworks, provides visibility and security of future workloads and continued growth prospects well beyond the current financial year."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Galliford Try Market Data

Currency UK Pounds
Share Price 273.00p
Change Today -2.00p
% Change -0.73 %
52 Week High 278.00
52 Week Low 177.00
Volume 193,095
Shares Issued 102.71m
Market Cap £280.39m
RiskGrade 238

Galliford Try Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
30.91% below the market average30.91% below the market average30.91% below the market average30.91% below the market average30.91% below the market average
45% below the sector average45% below the sector average45% below the sector average45% below the sector average45% below the sector average
Price Trend
87.26% above the market average87.26% above the market average87.26% above the market average87.26% above the market average87.26% above the market average
65.85% above the sector average65.85% above the sector average65.85% above the sector average65.85% above the sector average65.85% above the sector average
Income
66.29% above the market average66.29% above the market average66.29% above the market average66.29% above the market average66.29% above the market average
43.75% above the sector average43.75% above the sector average43.75% above the sector average43.75% above the sector average43.75% above the sector average
Growth
97.43% above the market average97.43% above the market average97.43% above the market average97.43% above the market average97.43% above the market average
95.12% above the sector average95.12% above the sector average95.12% above the sector average95.12% above the sector average95.12% above the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Galliford Try Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Mar-24 09-Nov-23
Paid 12-Apr-24 08-Dec-23
Amount 4.00p 7.50p

Trades for 24-May-2024

Time Volume / Share Price
16:35 72,609 @ 273.00p
16:35 1,698 @ 273.00p
16:35 735 @ 273.00p
16:35 666 @ 273.00p
16:35 21,901 @ 273.00p

Galliford Try Key Personnel

CEO Bill Hocking

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