Upbeat trading statement for Bellway

Aug. 3, 2005
Bellway has confirmed that it expects its year-end results to align with market expectations in its half yearly trading statement, released today. The firm reported completions 6% ahead of last year, at 7,001 homes – a record for the company which has grown its volumes every year for the past 14. The average selling price achieved was around £165,000, compared to £161,400 in 2004. While the group’s order book stands at £513 million, compared to last year’s £587 million, the statement struck a positive note, stating: “Our performance has been achieved against the backdrop of a less robust market place.” Year-end operating margins are expected to come in at around 19.5%. Bellway corporate affairs manager Julian Kenyon said: “Our trading statement is certainly more upbeat than some others that have gone before it recently.”

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