Galliford Try is one of the UK's leading construction groups, working to improve the UK’s built environment and delivering lasting change for the communities it works in.
The company's purpose is to improve people’s lives through building the facilities and infrastructure that communities need.
Galliford Try Holdings PLC (LSE:GFRD, FRA:3WC), the UK construction group, has been appointed to deliver a £110 million project to improve water quality in the River Mease.
The company's Environment business will carry out the work on behalf of Severn Trent Water.
The project is required under the Water Industry National Environment Programme (WINEP), a set of environmental obligations placed on water companies by regulators.
It will involve building a 23km cross-country pipeline to carry flows from the Packington and Measham treatment works.
Galliford Try Holdings PLC (LSE:GFRD, FRA:3WC) told investors it has secured places across all five regional lots of a £9.5 billion construction framework covering education and wider public-sector projects throughout Great Britain.
The Crescent Purchasing Consortium Construction and Capital Works framework spans England, Wales and Scotland and can operate for up to eight years.
Galliford Try Holdings PLC (LSE:GFRD, FRA:3WC), the UK construction group, said full year profit would come in at the top end of analysts' forecasts, which range from £51.4 million to £53.4 million.
The company, which builds schools, hospitals and water infrastructure under public sector frameworks, expects revenue for the year to 30 June to have risen around 3%.
Shares in Galliford Try Holdings PLC (LSE:GFRD, FRA:3WC) climbed 8% to 548p on Wednesday after Peel Hunt and Panmure Liberum both raised their earnings forecasts for the construction group in response to a strong full-year trading update.
The company said that revenue for the year to 30 June would rise around 3% and that adjusted pre-tax profit would land at the top end of a consensus range of £51.4 million to £53.4 million.
Panmure lifted its price target to 690p from 650p and kept its 'buy' rating, citing margin progress.
Galliford Try Holdings PLC (LSE:GFRD) CEO Bill Hocking and CFO Kris Hampson presented at the first Proactive One2One Investor Forum of the year, detailing the company's ambitious growth plans and strong financial position.
Galliford Try is a Tier 1 contractor with annual revenues of £1.8 billion and a workforce of over 4,300 employees. Hocking discussed the company's £3.9 billion order book and its strategy to achieve £2.2 billion in annual revenue by 2030 with a 4% operating margin.
The company focuses on key sectors, including building, highways, water, and wastewater, supported by an emphasis on risk management and quality over price in contract procurement. Galliford Try’s commitment to ESG measures and net-zero targets plays a pivotal role in its operations, including decarbonising public sector buildings.