Galliford Try ups outlook on margin

Galliford Try has updated its Sustainable Growth Strategy to 2030, to achieving an increased margin across the group of 4% in its core and adjacent markets – up from the previous 3%.

It is targeting an increase in revenue to exceed £2.2bn, up from its current £1.4bn with capital maintenance and asset optimisation in the water sector among its “higher margin opportunities”. The board added that it was targeting sustainable dividends with an earnings cover of 1.8x.