Galliford Try has published an excellent set of results for the half to end December 2023 demonstrating strong momentum and continuing growth. Revenue jumped 21% YoY to £819m while the divisional operating margin improved to 2.5% (1HFY23 2.3%) driving a 33% increase in underlying profit before tax to £15.6m. Management underscored confidence in the sustainability of the results with a 33% hike in the interim dividend to 4.0p. Despite the strength of the performance, management did not raise guidance for FY24 but has set a date for the Capital Markets Event of 23 May at which it will update its strategy and guidance through 2030.
