Full Year 2024 Vistry Group PLC Earnings Call Transcript

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Mar 26, 2025

Mar 26, 2025 / 08:30AM GMT
Greg Fitzgerald - Vistry Group PLC - Chief Executive Officer, Executive Director

Right. Good morning, everyone. Just gone 8:30, so we will kick off with our full-year results. So I'm joined today obviously by Tim Lawlor, Chief Financial Officer; and Stephen Teagle, Chief Exec of our partnerships business.

So the agenda today, I'll give a very brief introduction, hand over to Tim to go through all the financials, which are quite complicated this year. Market update will be given by Stephen. I'll talk about operational matters that are going on at the moment and then finish off with an outlook. And then we'll be delighted to take any questions.

So headlines to start with, so total completions increased by 7% to 17,225, which I still believe makes us the largest house builder in the country by volume.

Partner funded was up by 18%. Open market down in a challenging market by 15%. And I think at this point, it would be good for you just to make the point that when we announced the strategy in September 2023, we've had nothing since other than headwinds. And by that the headwinds,

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