Galliford Try has delivered strong financial and operational results in FY22, well ahead of consensus by most metrics including adj. PBT of £19.1m (+68%) and a divisional operating margin of 2.4%, well on its way to management's 3% target for 2026. It currently enjoys strong momentum, increased stability/much-reduced risk, and a strong balance sheet – this management team is delivering exactly what it has promised since joining. It also enjoys a favourable, inflation-protected outlook and is distributing a combined double-digit percent of its market cap this year through dividends and a surprise buyback.
21 Sep 2022
Galliford Try - FY22 Results Update
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Galliford Try - FY22 Results Update
Galliford Try Holdings PLC (GFRD:LON) | 244 -9.8 (-1.6%) | Mkt Cap: 251.1m
- Published:
21 Sep 2022 -
Author:
Oliver Juggins -
Pages:
7
Galliford Try has delivered strong financial and operational results in FY22, well ahead of consensus by most metrics including adj. PBT of £19.1m (+68%) and a divisional operating margin of 2.4%, well on its way to management's 3% target for 2026. It currently enjoys strong momentum, increased stability/much-reduced risk, and a strong balance sheet – this management team is delivering exactly what it has promised since joining. It also enjoys a favourable, inflation-protected outlook and is distributing a combined double-digit percent of its market cap this year through dividends and a surprise buyback.