Taylor Woodrow PLC
03 May 2006
Taylor Woodrow plc
AGM Statement
Iain Napier, Chief Executive of Taylor Woodrow, will make the following comments
at today's AGM:
'In the UK, we have experienced increases in reservations per site per week,
along with an improvement in cancellation rates. We continue to expect modest
growth in unit completions for the full year. However, as we indicated at our
Preliminary Results Announcement, our site opening schedule will be more
weighted towards the second half.
Our record forward sales position, allied to our proven land development skills,
gives us confidence in our ability to grow 2006 profits from our North American
operations. Despite the softening in certain of our North American markets
compared with the exceptional growth that they saw in 2005, we continue to
anticipate good increases in completions, particularly in the second half.
Spain and Construction remain on course to deliver stable performance in 2006.
Overall, the outlook for 2006 remains in line with our expectations.'
-ends-
Notes to editors:
Taylor Woodrow is a housing development group. Its primary business is the
development of sustainable communities of high quality homes across the UK and
in selected markets in North America and Spain. The company is listed on the
London Stock Exchange and in the year ending 31 December 2005 turnover increased
by 5% to £3.5 billion.
For further information please visit the company's website -
www.taylorwoodrow.com
For further information please contact:
Taylor Woodrow Investor Relations
Jonathan Drake 0121 600 8394 / 07816 517 039
Taylor Woodrow Media Enquiries
Ian Morris 0121 600 8520 / 07816 518 767
Bell Pottinger
Dan de Belder/ Victoria Geoghegan 020 7861 3232
This information is provided by RNS
The company news service from the London Stock Exchange
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