Are we there yet?

GALLIFORD TRY WINS TWO WATER CONTRACTS TOTALLING £49 MILLION

Galliford Try, the housebuilding and construction group, announces that it has been awarded a pair of contracts worth a total of £49 million by Yorkshire Water to upgrade the Blackburn Meadows waste water treatment plant in Sheffield.

The larger of the contracts is worth £31m and will ensure that Blackburn Meadows meets the requirements of the EU's Freshwater Fish Directive. The programme will last approximately 18 months. The second scheme is worth £18 million and will result in a new mesophilic anaerobic digestion plant.

Greg Fitzgerald, Chief Executive of Galliford Try, commented:

"We are delighted to secure such substantial and significant schemes from one of our longest standing clients. We have considerable expertise and experience of anaerobic digestion from other water clients and we're glad to have the opportunity to share this with Yorkshire Water."

RNS Number : 6470Z

Galliford Try PLC

20 March 2012

GALLIFORD TRY SECURES NEW DEVELOPMENT CONTRACTS WORTH GBP56 MILLION

Galliford Try, the housebuilding and construction group, announces that its Partnerships business has been appointed to deliver projects providing in excess of GBP56 million of new developments in Greater London.

The business has reached financial close on a GBP27 million development in White City for: West London LIFT, part of the Fulcrum Infrastructure Management group of companies; Notting Hill Home Ownership; and Hammersmith & Fulham Primary Care Trust. The development will feature a new health and social care centre, 170 mixed tenure apartments and further community facilities.

Under further contracts the Partnerships business will build three new major affordable housing developments for established housing association clients.

The first involves a 60-home mixed tenure project in the Aylesbury Estate area of South London for London and Quadrant, valued at GBP8.1m. The second is the St Edmunds Terrace development in North London for The Guinness Partnership, which features a mix of 64 affordable homes and private sale homes worth GBP10.4m in total. The third comprises the Three Colts Lane scheme in Tower Hamlets, which will see 67 mixed tenure homes provided for Peabody with a contract value of GBP10.7m.

Galliford Try Chief Executive Greg Fitzgerald commented:

"We are delighted at the success of our Partnerships brand in winning these significant contracts within the Greater London area.

"The track record of the business goes before it and we look forward to working with our partners to develop the high quality public buildings and affordable housing that these communities are asking for."

GALLIFORD TRY WINS £49 MILLION IN COMMERCIAL BUILDING CONTRACTS

Galliford Try plc, the housebuilding and construction group, has announced the award of three new contracts in the commercial building sector worth £49.4 million.

First, in the central London office sector Galliford Try has been selected by Green Property (UK) Ltd for a £27 million project to create 100,000 sq ft of Category A office space in the St James's Park area. In addition, Royal London Mutual Insurance have instructed Galliford Try to refurbish and extend 6,500 sq m of office space at 1A Wimpole Street in a contract worth £8.9 million.

In the Midlands, Galliford Try have also been engaged by Aviva Investors and Citycourt Estates to construct the new Warwickshire Shopping Park at Binley near Coventry. The £13.5 million retail park is expected to complete in January 2013 and will feature 24 retail units and community spaces, with Marks & Spencer, Boots and Asda already committed to the project.

Galliford Try Chief Executive Greg Fitzgerald said:

"We are delighted to have won such significant contracts in the commercial sector. The London office sector remains an important market for us, while the Warwickshire Shopping Park is yet another landmark project for Galliford Try in the Midlands region."

RNS Number : 5211A

Galliford Try PLC

02 April 2012

GALLIFORD TRY REACHES FINANCIAL CLOSE ON GBP347 MILLION GATESHEAD REGENERATION PROGRAMME

Galliford Try plc, the housebuilding and construction group, announces that it has reached financial close on the GBP347 million Gateshead regeneration programme announced in April 2011.

Galliford Try's consortium with Gateshead Council and housing association Home Group will now form a Local Asset Backed Vehicle to build 2,400 homes and associated community facilities, for both private sale and affordable housing.

Work is expected to start on the first sites later this year and continue over the next 15 years, with the first package of three sites seeing the development of 318 homes, 55 of which will be for affordable tenures. All homes will exceed current Homes & Communities Agency space standards.

Galliford Try chief executive Greg Fitzgerald commented:

"We are delighted to have reached an agreement with our partners to build this much-needed housing in the Gateshead area. We believe that this new local asset backed model with Gateshead Council and Home Group represents an innovative solution to enable Galliford Try and its partners to significantly improve affordable homes supply and sustainable communities in the North East."

Interim Mangement Results.

Housebuilding

· Strong sales in the year to date with 97% of sales for the financial year in hand.

· £774 million of sales reserved, contracted or completed, of which £625 million is for the current financial year to 30 June 2012 (2011: £540 million and £371 million respectively).

· 100% of plots secured for 2013. 80% of plots secured for FY 2014.

· Land availability remains good with the landbank standing at 10,600 of which 78% is secured at current market values (2011: 67% of 10,150).

Construction

· Stable order book at £1.6 billion (31 December 2011: £1.6 billion).

· Significant project wins in the period including financial close on the £347 million Gateshead Regeneration programme, a total of £117 million of projects for Anglian Water, Scottish Water and Yorkshire Water, £56 million of Partnerships development contracts and £49 million in the commercial building sector.

· Cash balances are in line with our expectations.

· 80% of next year's revenue secured (2011: 72%).

GALLIFORD TRY AWARDED £80 MILLION KINGSKERSWELL BYPASS CONTRACT

Galliford Try, the housebuilding and construction group, announces that it has been awarded an £80 million contract to construct the A380 South Devon Link Road for Devon County Council and Torbay Council.

The 5km dual carriageway will run between Newton Abbot and Torquay, bypassing the village of Kingskerswell. The majority of the scheme is funded by the Department of Transport with significant additional support from Devon County Council and Torbay Council. Detailed design work is due to begin this month with construction to complete by the end of 2015.

Greg Fitzgerald, Chief Executive of Galliford Try, commented:

"We are delighted to be awarded this major and prestigious contract which will result in significant economic and environmental benefits and also improve safety. The link road is a great opportunity for us to further strengthen our presence in the south-west, a region where we are well established as a housebuilder."

Price to buy on 7th November 2003 was 41p = today it's £6.02. Very nice for those who stuck with it over the years!

RNS Number : 9752E

Galliford Try PLC

11 June 2012

GALLIFORD TRY JOINT VENTURE AWARDED GBP180 MILLION WASTE WATER SCHEME

Galliford Try, the construction and housebuilding group, announces that it has, in joint venture with Costain Group plc and Atkins (WS) plc, reached financial close on the GBP180m contract awarded by United Utilities Group plc to upgrade and extend Liverpool Waste Water Treatment Works and announced in May 2011.

The project involves the construction of a two-storey sequential batch reactor plant in the disused Wellington Dock, as well as upgrades to the existing works in the adjacent Sandon Dock to the north of Liverpool city centre.

The Galliford Try joint venture was appointed by United Utilities to work on its AMP5 schemes in April 2010 and the scheme, under development since May 2011, will be progressed as part of existing framework arrangements.

Greg Fitzgerald, Chief Executive of Galliford Try, commented:

"We are delighted to secure this business from an existing framework client. It builds on our track record of delivering both clean and waste water infrastructure projects."

DIRECTORATE CHANGE
19 JUNE 2012

GALLIFORD TRY PLC
GRAHAM PROTHERO APPOINTED GROUP FINANCE DIRECTOR


Galliford Try plc, the housebuilding and construction Group, has appointed Graham Prothero to join the Board of Directors as Group Finance Director and he will join the Company following handover at his current business. As previously announced in November 2011 the current Group Finance Director, Frank Nelson, will retire from the Board at the end of September 2012 when he will have completed 25 years of service.

Graham Prothero joins Galliford Try from Development Securities PLC, a property developer and investor in the UK where he has been Finance Director since November 2008. Graham is a director of Development Securities PLC and Development Securities (Investments) PLC. From 2001 until 2008 Graham was a partner with Ernst & Young. Graham is a member of the Institute of Chartered Accountants in England and Wales and has previously held positions as Finance Director at Blue Circle Properties and Taylor Woodrow's UK Housebuilding.

Greg Fitzgerald, Chief Executive, Galliford Try commented:

"I am delighted that Graham is joining us as Group Finance Director. Graham has considerable financial experience in the property and housebuilding sectors and accordingly he will be a valuable asset to the Group as we continue to further develop the business. I would also like to express my sincere thanks to Frank Nelson on his significant contribution to the Group over the last 25 years."

A further announcement concerning the date of Graham Prothero's joining the Board will be made in due course.

There is no other information to be disclosed under Paragraph 9.6.13R of the Listing Rules.

12 month high 656p.

Trading Statement

HIGHLIGHTS

· Exceeded the objectives of our three year transformational housebuilding plan.

· Full year results expected to be in line with market expectations.

· Net cash of over £20 million at 30 June 2012 (31 December 2011: net debt £70 million and 30 June 2011: net cash £37 million).

Housebuilding

· Housing completions (including joint ventures) up 40% to a record 3,039 units (2011: 2,170 units).

· Average private sales price up 10% to £250,000 (2011: £227,000).

· 11% increase in housing sales carried forward at £273 million (2011: £247 million).

· Increase in total landbank to 10,500 plots (30 June 2011: 10,250 plots), with a greater concentration of plots in the stronger south east in line with our strategy.

· 81% of 10,500 plot landbank secured at current market values. 100% of plots secured for the new financial year's production. 87% of plots secured for FY 2014.

Construction

· Continued resilient performance in difficult markets.

· £1.6 billion stable order book in line with expectations (31 December 2011: £1.6 billion and 2011: £1.75 billion).

· Strong cash management throughout the year with cash balances in line with our expectations.

· Major contract awards instructed include the £347 million Gateshead Regeneration Programme, the £180 million scheme to upgrade and extend the Liverpool Waste Water Treatment Works and the £80 million Kingskerswell Bypass contract.

· 82% of projected revenue for the new financial year secured (2011: 80%).

GALLIFORD TRY ANNOUNCES £100 MILLION OF AFFORDABLE HOUSING DEALS

Firstly, the Partnerships business has finalised a contract on the Gallions Quarter development in East London, following its selection as preferred developer in July 2011. The £23 million contract will see Galliford Try construct 170 homes in the second phase of the 700-home development, which also includes commercial and retail premises as part of a major regeneration programme of the area commissioned by the London Development Agency.

Secondly, mayoral approval has been granted for the £52 million redevelopment of the old St Clement's hospital site in Mile End, East London. The contract provides for a minimum of 223 homes, including provision of 21 homes to be granted to London's first Community Land Trust, as well as a further 54 affordable homes. The remaining 148 homes will be sold via the Linden Homes brand.

Final Results

Highlights

Financial....... 2012............2011.............Increase

· Group revenue¹....£1,504m......£1,284m............17%

· Profit before tax..£63.1m........£35.1m ²............80%

· Earnings per share..60.9p........32.2p ²..............89%

· Dividend per share..30.0p........16.0p................88%

Group

· Exceeded objectives of three year transformational plan, delivered substantial increase in profits and return on capital
· 2012 PBT increased by 80%, EPS by 89%
· Strong balance sheet with year end net cash of £23 million, providing platform for future growth
· Disciplined growth strategy supporting progressive and sustainable dividend policy

Housebuilding

· 40% increase in completions (inclusive of joint ventures) to 3,039 (2011: 2,170)

· 11.8% housebuilding margin shows strong progress (2011: 8.1%)

· Following a resilient summer performance 7% increase in sales currently reserved, contracted or completed at £350 million (2011: £328 million)

· 81% of 10,500 plot landbank now acquired at current market values (2011: 72% of 10,400)

· 100% of land required for 2013 financial year in place, 90% of land secured for 2014

Construction

· Despite difficult markets 2.0% construction margin remained robust (2011: 2.4%)

· Year end construction cash balance of £146 million in line with forecast (2011: £217 million)

· Stable current order book at £1.65 billion (2011: £1.7 billion) with continued focus on contracts with acceptable returns

· 86% of current year's planned revenue secured (2011: 90%)

Galliford Try sparkles
Tue 18 Sep 2012

GFRD - Galliford Try



LONDON (SHARECAST) - House-building and construction firm Galliford Try saw profits soar last year, paving the way for its full-year dividend pay-out to almost double.

Group revenue in the year ended June 30th rose 17% to £1,504m from £1,284m the year before.

Profit before tax surged 80% to £63.1m from £35.1m the previous year, while earnings per share jumped 89% to 60.9p from 32.2p last year. The divi rose in line with earnings, from 16p to 30p.

The current order book is more or less stable at £1.65bn, versus £1.7bn at the end of June 2011.

"Against a background of challenging and uncertain economic conditions I am very pleased to report that we have exceeded the objectives of our three year transformational housebuilding plan, delivering a substantial increase in profits and return on capital. In addition, we have maintained a high quality construction order book," said Greg Fitzgerald, the firm's Chief Executive.

"We have a strong balance sheet and a disciplined growth strategy with a clear focus on improving margins that positions us well to deliver further profitable growth in the new financial year and beyond," he added

GALLIFORD TRY AGREES CONTRACT FOR £89 MILLION LEISURE COMPLEX

Galliford Try plc, the housebuilding and construction group, announces that it has reached financial close with Genting UK to build a major new leisure and retail development at the National Exhibition Centre in Birmingham.

The Resorts World project, valued at £89 million, includes a new casino, a 176-bed four/five-star hotel and spa, conference facilities, a factory outlet centre, a cinema complex, food and beverage retail space and parking for 480 cars. The scheme is set to start on site in October 2012 with completion expected in January 2015.

Galliford Try Chief Executive Greg Fitzgerald said: "This contract represents a significant success for our business in a difficult market for construction. We are delighted we have completed a successful negotiation with Genting UK and now look forward to starting on site on what will be one of the most prestigious projects in the Midlands of recent times."

Interim Management Statement

Highlights

Housebuilding

· 7% growth in sales reserved, contracted or completed to £460 million following an encouraging autumn selling season which has been maintained in recent weeks (2011: £430 million).

· Sales per outlet maintained at 0.51 per week from 1 July 2012 (2011: 0.50), averaging 0.62 during the autumn selling season. Selling outlets maintained at 83 (2011: 82).

· Sales prices slightly ahead of expectations. Cancellation rates stable at 17%.

· 81% of 10,500 plot land bank (2011: 73% of 10,500 plots) secured at current market values. 94% of land secured for financial year to 30 June 2014.


Construction

· More opportunities apparent albeit pricing levels remain competitive.

· Cash balances remain robust.

· Stable £1.6 billion order book in line with expectations (2011: £1.6 billion) with a number of key projects wins in the period in both the private and public sector.

· 92% of projected revenues for financial year to 30 June 2013 secured with 55% for year to 30 June 2014 (2011: 95% and 58% respectively).

Group

· The Group has a strong balance sheet providing a good platform for future growth.

· In September 2012 Galliford Try was admitted to the FTSE4Good Index recognising the Group's commitment to environmental, social and governance matters.

Re Contract

Galliford Try plc, the housebuilding and construction group, announces that its Construction Division has been appointed to four new contracts worth £55 million in aggregate.

Firstly, St Hugh's College, part of the University of Oxford, has selected Galliford Try to build the £16.7 million China Centre. The new building will house an interdisciplinary research centre focused on all aspects of Chinese culture, including teaching facilities, a library, catering facilities and 62 study bedrooms for students. The contract has been partly funded by a £10 million donation from the Hong Kong-based philanthropist Dickson Poon CBE, with the centre carrying his name.

Secondly, Galliford Try has been awarded the £16.3 million contract to build the new five-star Gainsborough Hotel in Bath by developers YTL. The hotel, situated in a grade two listed building, will feature 99 bedrooms and include a health spa and conference facilities.

Thirdly, Galliford Try Partnerships has reached financial close on a £20 million contract to construct a new Extra Care facility in Stone Road, Stafford on behalf of Staffordshire County Council and The Wrekin Housing Trust. The project provides for Flexicare apartments, specialist care facilities, and the provision of a GP surgery and health centre.

Finally, Gloucestershire County Cricket Club has instructed Galliford Try to carry out major improvements to the international cricket ground at Nevil Road in Bristol. Works include a new media centre as well as conference and banqueting facilities in a contract worth £5 million. As part of the project 147 new homes will also be created on the site by Galliford Try's housebuilding arm Linden Homes.

Galliford Try Chief Executive Greg Fitzgerald said: "We are delighted to have won four such significant contracts in an extremely competitive market. These contract awards show that we can compete in different sectors and different regions across the country and provide our clients with high quality cost effective solutions for their needs."

Re Contract

GALLIFORD TRY WINS £100 MILLION MANCHESTER REGENERATION PROJECT

Galliford Try plc, the housebuilding and construction group, announces that S4B, the Equitix-led partnership that includes Galliford Try and Contour Homes, has been appointed as preferred bidder for the £100 million Brunswick regeneration scheme.

The regeneration programme will transform the Brunswick area of East Manchester, providing 522 new homes as well as new community facilities, including an Extra Care centre and retail units. Additionally, extensive infrastructure works and remodelling will be carried out.

Leading repairs and maintenance contractor Mears will refurbish a further 653 homes and provide ongoing facilities management services under the project.

Trading Statement

Group

· Half year profit anticipated to be above board expectations.

· Net debt of £60 million, improvement on last year (2011: £69.8 million).

Housebuilding

· Revenue is expected to be up on last year on a combination of record 1,364 unit completions, 1,229 net of joint venture partners' share (2011: 1,352 and 1,216) and an increase in the average selling price of our properties.

· 4% increase in total sales reserved, contracted and completed at £544 million (2011: £522 million).

· Stable unit sales per outlet per week at 0.46 (2011: 0.45).

· 83% of 10,400 plot landbank now secured at current market values (31 December 2011: 75% of 10,400). 96% of land secured for 2014.

· Operating margin expected to be up on full year with continued industry leading return on capital.


Construction

· 99% of projected revenue for current financial year secured with 62% for year to 30 June 2014 (31 December 2011: 100% and 62% respectively).

· Stable £1.6 billion order book in line with expectations as we continue to manage risk and moderate turnover (2011: £1.6 billion).

· 40% of order book in regulated sector, 42% in public and 18% in private maintaining a high quality and diverse spread of future revenues (2011: 41%, 45% and 14% respectively).