Bellway is well positioned to deliver further volume growth

June 15, 2017

Bellway PLC issued a trading update yesterday 14th June  in respect of the period from 1 February to 4 June 2017.

Sales demand in the period was strong, with a 13% increase in the reservation rate to 221 per week (2016 – 196 per week).

Ted Ayres, Chief Executive, commented:

“Robust market conditions, together with a clear operational focus, is enabling Bellway to continue increasing its contribution to the supply of much needed new homes.  We have made a significant investment in land and work in progress over a number of years and this, together with a strong balance sheet and substantial operational capacity for expansion, should ensure that Bellway is well positioned to deliver further volume growth, this year and beyond.  This successful implementation of our disciplined growth strategy is leading to ongoing enhancements in shareholder value.”

Read the latest trading update from Bellway PLC 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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