Bovis Homes Group PLC
Bovis Homes Group PLC
Tuesday, 9th January 2007
Trading update
Bovis Homes Group PLC is today issuing the following trading update ahead of
reporting its preliminary results for the year ended 31st December 2006 on
Monday, 12th March 2007.
Bovis Homes anticipates announcing good results in line with Group expectations.
Housing legal completions increased by over 15% compared with the previous year.
The average sales price increased by 4.7% to £183,700. The operating margin for
the full year remained strong at approximately 23%. The Group ended the year
with cash on deposit which, when added to its banking facilities, provides the
financial strength to fund the infrastructure commitments relating to large
strategic sites, which form an important part of the Group's expansion plan.
Bovis Homes has improved its forward sales position significantly compared with
the same time last year. Over 25% of the projected 2007 legal completions are
now reserved with profit margins in line with Group expectations.
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Enquiries: Malcolm Harris, Chief Executive Emily Bruning
Bovis Homes Group PLC Shared Value Limited
Tel: 01474 876 200 tel: 020 7321 5027
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