Bellway PLC Reports Strong Interim Results with Growth in Housing Completions

Bellway ( (GB:BWY) ) has provided an announcement.

Bellway PLC reported a robust performance for the first half of the financial year ending January 31, 2025, with housing completions rising by 11.9% and revenue increasing by 12.3% compared to the same period last year. The company is on track to deliver at least 8,500 homes for the full year, supported by a strong forward order book and a well-capitalized balance sheet. The increase in private reservation rates and a strategic expansion of its land bank position Bellway well for multi-year growth, despite challenges in the planning system. The interim dividend per share rose by 31.3%, reflecting confidence in future growth prospects.

More about Bellway

Bellway PLC is a national housebuilder in the UK, specializing in the construction of residential properties. The company focuses on providing high-quality new homes across the country, leveraging its strong land bank and operational strengths to meet the demands of the housing market.

YTD Price Performance: -3.21%

Average Trading Volume: 415,676

Technical Sentiment Signal: Hold

Current Market Cap: £2.77B

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