Thursday 28 November 2024

GALLIFORD TRY HOLDINGS PLC

Annual General Meeting Statement and Update on Current Trading

Galliford Try Holdings plc, the UK construction group, is holding its Annual General Meeting (AGM) at 11:00am today, Thursday 28 November 2024 at the offices of Peel Hunt LLP, 100 Liverpool Street, EC2M 2AT.

Update on Current Trading and Outlook

At our FY24 results in October we announced another year of sequential, robust revenue and margin growth together with confidence in the outlook for the current financial year.

Momentum in the Group's operations has continued into the new financial year, with a number of recent published wins and we are trading in line with the Board's expectations.

Underpinned by the recent Budget, the UK's planned, and required, investment in economic and social infrastructure continues to support growth in our chosen markets.  Our confidence in the Group's future outlook is supported by our high-quality order book and the robust and resilient pipeline of opportunities we see across our chosen sectors.

On 3 October 2024 the Group launched a share buyback programme of up to a maximum of £10.0m company shares.  As at 18 November 2024 the Group had purchased a total of 586,731 shares, for an aggregate consideration of £2.1m.

The Board remains confident of maintaining progress on its Sustainable Growth Strategy to 2030 and meeting its objectives for the current financial year.

For further enquiries please contact:

The person responsible for making this announcement on behalf of Galliford Try is Kevin Corbett, General Counsel & Company Secretary.

Note to Editors

Galliford Try is 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.