Bovis Homes Group PLC
BOVIS HOMES GROUP PLC
PRE-CLOSE PERIOD TRADING UPDATE - 5th JULY, 2004
Bovis Homes Group PLC is pleased to be able to issue a trading update today
ahead of its interim results to 30th June which will be announced on 6th
September, 2004.
The first six months trading period has produced strong results. Average selling
prices relating to legal completions to 30th June, 2004 are expected to show an
increase of approximately 8% over the comparable period in 2003.
Cumulative sales reservations are currently approximately 25% ahead of the
comparative period last year. The housing market over the past two months has
shown signs of moderation to a more normal level of activity. The recent
increases in interest rates have dampened the level of price improvements to one
that is more sustainable.
Demand and affordability remain good and based upon the Group's trading
experience to date and a continuing stable economic environment the Board
anticipates that 2004 will be another successful year.
For further information:
Malcolm Harris
Chief Executive, Bovis Homes Group PLC
Tel: 01474 872427
Andrew Best/Emily Bruning
Shared Value Ltd
Tel: 0207 321 5022/5027
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