An update from The Berkeley Group Holdings ( (GB:BKG) ) is now available.
The Berkeley Group Holdings plc has announced its trading update for the period from November 2024 to February 2025, reaffirming its earnings guidance with an expected pre-tax profit of at least £975 million across FY25 and FY26. The company has seen a modest improvement in sales reservations, although it notes that further economic stability and interest rate reductions are needed for continued growth. Berkeley maintains a strong financial position with anticipated net cash of around £300 million by April 2025, despite increased shareholder returns and land creditor settlements. The company is encouraged by government planning reforms but remains concerned about regulatory changes impacting housing delivery. Berkeley has returned £71.3 million via share buy-backs and declared an interim dividend, with further shareholder returns planned by September 2025.
More about The Berkeley Group Holdings
The Berkeley Group Holdings plc operates in the real estate industry, focusing on residential property development. The company is known for its long-term regeneration projects and has a market focus on creating sustainable communities in the UK.
YTD Price Performance: -7.87%
Average Trading Volume: 626,416
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.62B
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