Bellway hit 10,000 homes sales

Bellway announced today (16th October) its preliminary results for the year ending 31st July 2018 showing record volume output and excellent financial performance.

Bellway has exceeded the 10,000 homes barrier for the first time in its history, growing volume by 6.9% and completing the sale of 10,307 new homes in the year to July 31 2018.

Pre-tax profit was up 14% to £641.1 million for the year with revenue rising to £2,957.7 million from £2,558.6 million last year.

“The Group has a strong order book with a value of £1,469.5 million at 30 September (1 October 2017 – £1,361.5 million),” the statement reads. “Whilst there is a risk to consumer confidence posed by the forthcoming exit from the EU, assuming that market conditions remain robust, Bellway has a solid platform from which to further increase output in the year ahead.”

To read the report in full click here