Bellway PLC
02 August 2006
Trading Update
For the Period Ended 31 July 2006
Wednesday 2 August 2006
Bellway is today issuing a Trading Update following the conclusion of its
financial year ended Monday 31 July. The preliminary results for the year will
be announced on Tuesday 17 October 2006.
The Group is delighted to record its fifteenth consecutive year of organic
volume growth with the number of homes sold increasing to 7,117 from 7,001 at an
average selling price of around £167,000. It is anticipated that profit before
tax will be in line with expectations and, yet again, be at a record level
extending the Group's enviable annual earnings growth record to ten consecutive
years.
We have continued with our policy of forward selling, creating a degree of
certainty and visibility. Encouragingly the value of reservations taken in the
year was some 20% ahead compared to last year. This has resulted in our order
book at 31 July increasing to £561 million compared to £513 million at the same
time last year, representing over 45% of our target for 2006/07 being already
reserved or contracted.
This healthy order book, combined with stable market conditions and a growing
urban regeneration portfolio, gives the Board confidence about the future
prospects for the Group.
FOR FURTHER INFORMATION, PLEASE CONTACT:
JOHN WATSON, CHIEF EXECUTIVE ON 07855 337007
ALISTAIR LEITCH, FINANCE DIRECTOR ON 07855 337001
OR FROM 8.00 AM ONWARDS ON 0191 2170717
This information is provided by RNS
The company news service from the London Stock Exchange
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