Barratt Developments PLC delivering a strong performance since the start of the calendar year.

May 10, 2017

Barratt Developments PLC  today issued a trading update in respect of the period from1 January to 7 May 2017, in which it highlights: Total completions (including joint ventures) expected to be around 17,350 for the year, the highest number of completions in nine years.

They state that: Market conditions remain good, with the Group delivering a strong performance since the start of the calendar year. Increased competition within the mortgage market has resulted in wide availability of attractive mortgage finance which, alongside Help to Buy, continues to support the very strong consumer demand.

David Thomas, Chief Executive commented: “This has been another strong period both operationally and financially for the Group. We remain firmly committed to delivering industry leading build quality and customer service, recognised by the award of the Home Builder Federation’s maximum five star customer satisfaction rating for the eighth consecutive year.

“Our controlled approach to growth means we are on track to deliver 17,350 completions in the year, the highest number of completions in nine years. This, combined with the strong market backdrop, means we now expect full year profit before tax to be at the top of the range of current analyst estimates”.

Read the Barratt Developments PLC trading update in full click here.

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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