An announcement from Vistry Group ( (GB:VTY) ) is now available.
Vistry Group PLC reported a challenging financial year for 2024, with a significant decrease in profitability due to cost forecasting issues in its South Division and delays in commercial transactions. Despite these setbacks, the company achieved a 7% increase in total completions and remains committed to its partnerships strategy, supported by recent government funding for affordable housing. Vistry aims to improve cash generation, reduce net debt, and achieve a 40% return on capital employed in the medium term. The company is optimistic about future growth, driven by government initiatives and a recovery in the open market.
More about Vistry Group
Vistry Group PLC operates in the construction and housing industry, focusing on building affordable and high-quality homes across the UK. The company engages in partnerships to deliver housing projects and aims to maintain a capital-light, high-return business model.
YTD Price Performance: 13.37%
Average Trading Volume: 1,512,260
Technical Sentiment Signal: Buy
Current Market Cap: £2.12B
See more data about VTY stock on TipRanks’ Stock Analysis page.