Bovis Homes Group Plc half year results

August 16, 2016

Bovis Homes Group PLC yesterday  announced its half year results for the six months ended 30 June 2016.

Commenting on the results, David Ritchie, Chief Executive of Bovis Homes Group PLC said:

“We have delivered a record number of homes in the first half of 2016 which has driven strong profit growth, improved returns and a 9% increase in the interim dividend. Our forward sales position means we are well placed to continue this strong performance through the remainder of the year.

Whilst it is too early to judge the impact of the EU Referendum and the Bank’s monetary policy response on the UK housing market, the underlying market fundamentals for UK housing remain positive. We have been pleased with the resilient level of interest shown by potential home buyers contacting us. Our robust balance sheet, with debt lower than last year, means that we are well positioned to continue to take advantage of prime land opportunities at potentially higher returns. Overall, we remain confident in our strategy to deliver long-term growth in shareholder returns.”

To read Bovis Homes Group PLC half year results 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.

You May Also Enjoy

Breaking News

Homebuyers face longer buying timelines

The latest research from Lyons Bowe suggests the homebuying process could become even slower in 2026: as the number of conveyancers operating across the UK is thought to have fallen by almost -13% while transaction volumes rise, placing further pressure on completion timelines. Lyons Bowe has analysed data on the number of active conveyancers in…
Read More →
Breaking News

Breaking Property News 1/4/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Winning the AI Era: A Playbook for UK Estate Agencies The AI-Driven Rewiring of UK Estate Agency Thought Leadership by Andrew Stanton CEO Proptech-PR Real estate has historically been conservative, fragmented, and inefficient. A surge of startups, is introducing automation, data-driven decision-making, and better customer experiences. This…
Read More →
Breaking News

What renters and landlords need to know ahead of major rental law changes

With just one month to go until the first phase of the Renters’ Rights Act comes into force, the leading professional body, Propertymark, is urging renters and landlords across England to understand how the changes could affect them. From 1 May 2026, the legislation will introduce some of the biggest changes to the private rented…
Read More →
Estate Agent Talk

Tackling Empty Properties

A UK Perspective on Best Practice and Recommendations for Reform Propertymark, the UK’s leading professional body for property agents, has today published a comprehensive new position paper highlighting the urgent need for coordinated, practical and properly resourced action to bring long-term empty properties back into use. With over 359,000 homes sitting empty for more than…
Read More →
Breaking News

Pet-friendly rentals plunge 39%

New research from Inventory Base reveals that the number of pet-friendly rental homes in England has fallen by -39% since the start of 2026, as landlords appear to be reducing the number of homes openly marketed as allowing pets ahead of the Renters’ Rights Act taking effect from 1st May. The Renters’ Rights Act (RRA)…
Read More →
Breaking News

Latest Nationwide house price data showing a 2.2% increase

Industry reaction to Nationwide house price data showing UK annual house price growth picked up to 2.2% in March, from 1.0% in February. Nathan Emerson, CEO of Propertymark, comments: “An uplift in house prices will be welcomed by the market and suggests that buyer demand remains resilient despite ongoing economic headwinds. Improved sentiment, coupled with…
Read More →