For the year to 31st December 2023 Taylor Wimpey produced profits of ₤ 3.5 bn, below ₤ 4.4 bn in 2022, and a pre-tax revenue of ₤ 473.8 m (2022: ₤ 827.9 m).
Group conclusions fir the year, consisting of joint endeavors, reached 10,848 (2022: 14,154). This year’s conclusions are most likely to be even lower, at less than 10,000.
It will be 2025 before market development returns, the business stated.
President Jennie Daly saw factors for optimism. “Whilst still early in the year and at the start of the spring selling season, present trading reveals some motivating indications of enhancement with decreased home mortgage rates favorably affecting cost and self-confidence in our client base,” she stated.
The year-to-date net personal sales rate is 0.67 per outlet each week, compared to 0.62 this time in 2015, and the cancellation rate is below 17% to 12%.
Jennie Daly stated: “While the preparation environment stays tough, we have a top quality, well-invested landbank and a strong monetary position which underpins our capability to offer financiers with a trusted earnings stream through our distinguished common dividend policy. Looking ahead we are well-positioned in an appealing market, with substantial underlying need for our quality homes and are poised for development from 2025, presuming helpful market conditions.”
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