Strong results for Vistry and Persimmon

Vistry and Persimmon has announced final results for 2021 today, with both showing increases in completions, revenue and profit. In announcing its results, Vistry gave its backing to HBF’s response to housing secretary Michael Gove on a proposed plan to remediate cladding and tackle fire safety. The firm said the additional costs of implementing the

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“Excellent” 2021 performance reported by Vistry

Vistry Group has seen an “excellent performance” throughout 2021 across all its business areas, it said today (January 12), with the business anticipating adjusted pre-tax profit for the year of around £345 million, matching its previous guidance. This expected profit for the year ending December 31 2021 compares with FY 2020’s £143.9 million. Issuing a

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Ambitious growth targets set by Bellway

Bellway has seen its profits recover, with completions up 35% and heading towards 2019 levels. It is also targeting “ambitious future growth” of between 16,000 and 18,000 homes over “several years”. Reporting on the year ending July 31 2021, the housebuilder said its revenue rose 40.3% against 2020 to £3,122.5 million, only 2.8% below the

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Positive start increases Vistry’s profit expectations

Vistry Group has had a “very positive start to the year”, with higher than expected Housebuilding completions helping to drive a pre-tax profit for FY 2021 ahead of original expectations. Giving an update for the period from January 1 2021 to date, the housebuilder said that its private sales rate per site per week during

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Vistry’s 2020 profit ahead of expectations

Vistry Group achieved an adjusted pre-tax profit ahead of expectations in 2020, with total completions for the year at 6,131. However, the firm reported that its Housebuilding business was particularly affected by Covid-19 in the first half. During the year ending December 31 2020, the business achieved an adjusted pre-tax profit of £143.9 million, ahead

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16.6% drop for Berkeley

Berkeley’s pre-tax profit fell 16.6% during its first half year it reported last week. During the six months to October 31 2020, the housebuilder’s pre-tax profit dropped to £230.8 million from HY 2019’s £276.7 million. With the impact of Covid-19 permeating the period, Berkeley’s home sales dropped from last year’s 1,389 to 1,104. Their average

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Profit on track for Vistry

Vistry Group is on track to deliver a full year pre-tax profit at the top end of its expected range of £130 million to £140 million it reported in the latest trading update. The group said that during the period from July 1 to November 11 2020, its homes demand had remained “consistently strong” at

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Barratt’s sales rebound despite Covid

The coronavirus pandemic has “significantly reduced” Barratt’s completions, increased costs and impacted its profit, it reported on September 2nd, but despite this the business has seen strong sales in recent weeks. During its financial year ending June 30 2020, the housebuilder’s total completions fell 29.4% to 12,604 against FY 2019. The average selling price of its

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Taylor Wimpey has a positive start to the year

Releasing figures Taylor Wimpey reported a 5% increase in group completions to 16,042 including joint ventures (2018: 15,275) in 2019 confirming the results for the year were “in line with expectations”. Revenue increased by 6.4% to £4,341.3 million (2018: £4,082.0 million) with operating profit of £850.5 million (2018: £880.2 million) – volume growth was offset

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“Robust” market conditions reported by Berkeley

During the first four month of its new financial year the Berkeley Group has reported “robust” market conditions in London and the south. Issuing a trading update ahead of its Annual General Meeting on September 6th, the business said that during the period May 1st to August 31st, pricing had remained stable, with the group’s

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