• Galliford Try's £3.8 billion order book: CEO discusses trading update

  • Jul 12 2024
  • Duración: 5 m
  • Podcast

Galliford Try's £3.8 billion order book: CEO discusses trading update Por arte de portada

Galliford Try's £3.8 billion order book: CEO discusses trading update

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  • Galliford Try Holdings PLC (LSE:GFRD) CEO Bill Hocking joined Proactive's Stephen Gunnion with details of the company's latest trading update, strategic growth, and financial performance. Hocking said Galliford Try, a national construction company, is in a strong financial position with a £3.8 billion order book and 90% of its work in the public sector. He shared insights on the company's robust balance sheet, with £227 million in cash at the end of the financial year and a monthly average cash balance of £155 million. The company has secured 92% of its revenue for FY25 and 60% for FY26. Hocking also highlighted Galliford Try's reentry into the affordable housing market and recent acquisitions in the water sector, positioning the company for future growth. The strategic targets for 2030 include achieving revenues in excess of £2.2 billion with a 4% operating margin. He emphasised the importance of strong project and client selection to maintain high margins and overall performance. Reflecting on the recent Labour government election, Hocking noted that historically, Labour governments have been beneficial for the construction industry due to increased infrastructure investment. For more insightful interviews and updates, visit Proactive's YouTube channel. Don't forget to like this video, subscribe to our channel, and enable notifications for future content. GallifordTry #ConstructionIndustry #BillHocking #FinancialUpdate #StrategicGrowth #Infrastructure #AffordableHousing #WaterSector #LabourGovernment #Investment #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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