Galliford Try reaffirms full-year outlook

(Sharecast News) - Construction group Galliford Try reaffirmed its positive outlook and trading momentum on Thursday, ahead of its annual general meeting. The London-listed firm said that after its full-year results announcement in October, when it highlighted robust revenue and margin growth, it continued to trade in line with the board's expectations.

Recent contract wins and a strong pipeline of opportunities across its core sectors underpinned its confidence.

The group emphasised its positioning to benefit from the UK's ongoing investment in economic and social infrastructure, as reinforced by the recent Budget.

The company said a high-quality order book and resilient market conditions further supported its growth outlook.

Galliford Try also updated shareholders on its £10m share buyback programme launched in October.

As of 18 November, the firm had repurchased 586,731 shares at a total cost of £2.1m.

The board reiterated its confidence in delivering its sustainable growth strategy to 2030, and achieving its objectives for the current financial year.

At 0802 GMT, shares in Galliford Try Holdings were down 1.35% at 371.3p.

Reporting by Josh White for Sharecast.com.