Barratt Developments Half Yearly Results.
Posted: February 6th, 2019, 7:11 am
Highlights
· Britain's largest housebuilder with total completions3 for the first half at 7,622 homes, up 4.1%
· First half net private reservations of 0.64 (2017: 0.68) per active outlet per week
· Good progress on medium term targets including 200 bps improvement in gross margin to 22.6%
· Continued industry-leading customer satisfaction and build quality
· Our largest single charitable donation, £750,000, to RBLI to support the construction of a Centenary Village to provide crucial housing support to ex-servicemen and women
Current trading
· Net private reservations of 0.74 (2018: 0.78) per active outlet per average week
· Total forward sales3 up 7.3% to £3,021.0m as at 3 February 2019 (4 February 2018: £2,816.2m)
· Outlook for the full year remains in line with the Board's expectations
Capital Return Plan
· Further extended Capital Return Plan with ongoing commitment to ordinary dividend cover at 2.5 times and intention to pay special returns of £175m in November 2019 and £175m in November 2020
https://www.investegate.co.uk/barratt-d ... 00021773P/