Trading statement reports Miller Construction integration 鈥榮ubstantially complete鈥�
Galliford Try has almost doubled its order book to 拢3.2 billion following a number of major project wins, according to a trading statement issued today.
In its update on the six months to the end of December, the firm said the 鈥渆xceptional鈥� pipeline of work compared with a 2013 figure of 拢1.75 billion.
The statement added that the integration of Miller Construction, which Gallifords acquired last July, was now 鈥渟ubstantialy complete ahead of plan鈥�.
However the firm warned its margins continued to be constrained due to the completion of 鈥渉istorical projects鈥�.
Executive chairman Greg Fitzgerald said the six-month period had seen strong work from Gallifords鈥� housebuilding and construction businesses, with both performing in line with expectations.
鈥淗ousing market conditions remain good with growth having moderated to a more normal and sustainable level, and we are optimistic about the prospects for a number of recent and forthcoming sales outlets,鈥� he said.
鈥淥ur partnerships business continues to see exceptional prospects for both contracting and development in the affordable market.
鈥淔ollowing the acquisition of Miller Construction our enlarged construction business is benefiting from an improving market.
鈥淲e remain confident in the delivery of our strategy of strong and disciplined growth across all of our businesses.鈥�
The firm said it expected to announce results for the half-year on February 18.