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Galliford Try reports massive order book

Galliford Try had secured a record three-quarters of its projected construction 2015/6 income by the end of 2014, it revealed this morning.

The hybrid firm – which has both housebuilding and contracting arms – reported a construction order book of £3.25bn as of 31 December last year.

It said this included all the work needed to hit its revenue target for the year to 30 June this year, as well as 75% of next year’s projected figure.

At the end of 2013, the firm had bagged 65% of its forecast 2014/5 construction income.

Overall group revenue for the six months to 31 December 2014 was £1.09bn – an 18% hike from the same period a year earlier.

Executive chairman Greg Fitzgerald said: “We are very pleased with the group’s strong performance in the six months to 31 December 2014 with our housebuilding and construction businesses both performing well – and are encouraged by the start we have made to the second half of [our financial] year.”

He added: “Our enlarged Construction business has a record order book of £3.25bn with the Miller Construction integration now completed.”

Fitzgerald, who last year announced his plans to retire by the end of 2015, said “good progress” was being made in the hunt for a replacement.

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