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Barratt Developments Half Yearly Results.

Posted: February 6th, 2019, 7:11 am
by idpickering

· 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 ... 00021773P/