Trading Update – Bellway expects Housing Revenue to increase
Bellway today issued a trading update for the year ended 31 July 2017 ahead of its preliminary results announcement on Tuesday 17 October 2017.
In the update they state: Housing revenue is expected to increase by over 13% to £2.5 billion (2016 – £2,204.6 million).
Ted Ayres, Chief Executive, commented:
“A focus on delivering growth, set against a backdrop of favourable market conditions, has helped Bellway to surpass last year’s record in respect of both volume and operating margin and further increase the Group’s contribution to the supply of much needed new homes. This excellent trading performance, together with additional investment in attractive land opportunities, ensures that Bellway is well placed to continue its disciplined growth strategy.”
Read Bellway’s trading update 8th August 2017 in full click here.