Vistry expects 2022 profit at “top end” of forecasts

Vistry Group expects its profit for 2022 to be at the top end of forecasts.  Providing an update on the period from January 1 2022 to the present day, the housebuilder said that with the continuing strong demand for its homes, profit expectations for its first half had “moved forward”. For the full year, it

Continue Reading

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

Continue Reading

“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

Continue Reading

Persimmon and Vistry on track

Good news was reported by Persimmon and Vistry on 9th November.  Persimmon’s private sales reservation rates have remained “well ahead” of 2019 since July and Vistry has noted “some signs of improvement” in materials shortages and pricing pressures. Issuing a trading update for the period from July 1 to November 8, Persimmon said that its

Continue Reading

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

Continue Reading

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

Continue Reading

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

Continue Reading