Galliford Try reveals healthy order book

Galliford Try plc, the housebuilding and construction group, has issued its interim management statement for the period 1 January 2010 to the date showing that its order book has increased by around £100 million

The key highlights are:

Housebuilding

• £443 million of sales reserved, contracted or completed, of which £308 million is for the current financial year to 30 June 2010 (2009: £400 million and £288 million)

• 60 active selling sites (54 at 1 July 2009)

• Cancellation rates down to 15%, below historical average

• Landbank ahead of target at 9,700 plots of which 50% secured at current market values (7,800 at 1 July 2009)
  

Construction

• Successful renewal of 5 year water frameworks

• Order book stands at £1.8 billion (2009: £1.7 billion)

Greg Fitzgerald, Chief Executive, commented: “We have seen a positive start to 2010 in Housebuilding and recent contract awards in Construction have further underpinned the resilience of our business in challenging markets. Although we remain in a period of economic uncertainty, the Group’s finances are robust and we remain confident that we are on track to deliver our transformational housebuilding expansion plan.”