Reuters logo
BRIEF-Taylor Wimpey expects full-year profit at top end of expectations
January 11, 2017 / 7:21 AM / 10 months ago

BRIEF-Taylor Wimpey expects full-year profit at top end of expectations

Jan 11 (Reuters) - Taylor Wimpey Plc

* Expect to deliver full year profitability at upper end of market consensus

* Remain confident that our disciplined strategy will enable us to continue to deliver value over long term

* In 2016 total home completions increased by 4% to 13,881

* Cancellation rates remained low at 13% (2015: 12%).

* We ended 2016 with a year end order book valued at £1,682 million as at 31 december 2016

* A small fall in average selling price largely due to a number of high value central london completions in december 2016.

* We expect to demonstrate further progress throughout 2017 against all of our medium term targets, delivering increased returns for our shareholders

* Against backdrop of a stable housing market in 2016, we continued to see good demand and solid trading into second half of year Further company coverage: (Costas Pitas)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below