13th Nov 2015 07:38
LONDON (Alliance News) - Housbuilding and construction company Galliford Try PLC on Friday said market conditions remain strong for all of its business, and it remains confident on its outlook for the current financial year.
Galliford Executive Chairman Greg Fitzgerald, in a statement to be given to the company's annual general meeting, said trading in the current financial year to the end of June 2016 has been good, and it remains confident on meeting its expectations for this year and on delivering its strategy out to 2018.
The Linden Homes housebuilding business has seen its sales rate improve in the year to date, up to 0.60 unit per outlet per week from 0.48 in the comparable period a year earlier. Galliford's construction arm has continued to win new work at good margins in an improving market, Fitzgerald said, and the group is making progress on closing out legacy contracts.
Fitzgerald added the challenges posed across the business by costs and skilled labour shortages have moderated so far in the financial year.
By Sam Unsted; [email protected]; @SamUAtAlliance
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