In a trading update to the City today Galliford Try said its construction division had already secured 82% of its order book for 2017.
Chief executive Peter Truscott said: “The late-cycle nature and public sector focus of Construction are key advantages for the Group.
“The balance of our businesses and the strength of our order books mean that we are well-placed to manage the impact of this uncertainty.”
Truscott added: “Construction continues to enjoy an excellent order book and has grown revenues in the year, with good margins on newer work, although the overall result is still constrained by legacy contracts.”
Galliford Try is expecting to report record results on September 14 led by booming sales at Linden Homes and the Partnerships business despite “contracting being slightly constrained by procurement delays.”
Via Construction Enquirer. Read the original article here.