Bovis Homes predicts profit growth
Housebuilder issues bullish trading statement
Strong sales figures and improved profit margins so far this year will push profits up at Bovis Homes, the housebuilder has said.
In a bullish trading statement, Bovis Homes said profits were expected to grow “significantly” this year.
The housebuilder said the prediction was based on –
- Increased legal completion volume from a greater number of active sales outlets and stronger sales rates;
- Higher average sales price from an increased proportion of sales of traditional homes on more southerly based sites; and
- Improved profit margins from an increased contribution from sites acquired since the housing market downturn.