Mar 25, 2025 / 09:00AM GMT
Jason Michael Honeyman - Bellway PLC - Group Chief Executive Officer, Executive Director
Thank you. Good morning and welcome to Bellway's half year results. I'm joined by Shane, who most of you have met already. Simon is with us too. And accompanied by a few of our senior management team. If I could take you to the first slide.
We have had a strong first half performance, with completions up by 12% to almost 4,600 homes, and that has driven a healthy increase in profit. The trading environment is much improved too. And while trading started slowly at the beginning of our financial year, there has been a notable pick up in both home buyer enthusiasm and reservations since the start of the calendar year. Demand feels more robust, less fragile, and supported by relative stability with mortgage rates. And that leaves us very well placed to deliver our four-year target of 8,500 homes.
And to pick out a few highlights from our results. The order book has grown by around 20% to over 4,700 homes. Outlet numbers are up and averaged 248 in the period, and we have a strong land bank totaling some
Half Year 2025 Bellway PLC Earnings Call Transcript
Mar 25, 2025
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