A difficult year for Bovis Homes Group following a period of ambitious growth.

February 21, 2017

BOVIS HOMES GROUP PLC released yesterday 20th February their Final Results for the year ended 31st December 2016.

In the overview they state: A difficult year for the Group following a period of ambitious growth.

Commenting, Ian Tyler, Chairmanof Bovis Homes Group PLC said, “Despite the difficulties of 2016, the Board remains confident in the Group’s abilities to deliver improved returns to shareholders. The process of transformation is already underway under Earl Sibley’s interim leadership and I am confident the plans in place will address the operational weaknesses we have seen in our business, and focus us once again on delivering high quality product and service to our customers. Further, we are undertaking a strategic and structural review of the business to ensure we meet our commitment to deliver the highest possible returns from our valuable land assets.”

Commenting, Earl Sibley,Interim Chief Executive of Bovis Homes Group PLC said: “We have a clear set of operational priorities for 2017 and are fully committed to improving our levels of customer service and delivering high quality homes this year and in the future. The fundamentals of the business remain strong with a robust financial position and high quality land bank. With our focus on higher levels of customer service, improved build efficiency, and a refreshed culture, we are confident we will generate enhanced shareholder returns over the medium term.”

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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