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.