AGM Statement

RNS Number : 5914F

Galliford Try PLC

13 November 2015

 

Galliford Try

AGM Statement

Galliford Try plc, the housebuilding and construction group, is holding its Annual General Meeting today, Friday 13 November 2015.  At the meeting Greg Fitzgerald, Executive Chairman will say:

"The Group continues to see good market conditions in all of its businesses. 

Linden Homes has enjoyed improved rates of sale of 0.60 units per outlet per week since the start of the financial year (2014: 0.48 for the equivalent period), from an average of 75 outlets (full year ended 30^th June 2015: average 62 outlets).  Galliford Try Partnerships continues to experience strong demand, and is working successfully with its Registered Provider partners to adapt to the Summer Budget changes. 

Our Construction business is winning a strong level of new work at margins reflecting the improving market, and continues to make good progress in closing out legacy contracts.

The challenges of cost and availability of labour and materials are continuing to moderate across all our businesses.

I am delighted that Peter Truscott has now joined as Chief Executive and is already beginning to make a positive impact on the Group.  We remain confident in achieving our expectations for the current financial year and delivering our strategy to 2018."

For further enquiries please contact:

Galliford Try -                                    Greg Fitzgerald, Executive Chairman                      01895 855001

                                                                Peter Truscott, Chief Executive

                                                                Graham Prothero, Finance Director                        

Tulchan Communications -          Martin Pengelley / James Macey White                020 7353 4200

Galliford Try's Annual General Meeting will be held today, Friday 13 November 2015, at the RBS Conference Centre, 250 Bishopsgate, EC2M 4AA.  The meeting will commence at 11.00 am.

 

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