CALA sees “strong rebound”

Jan. 10, 2022
<p>CALA Group has “strongly rebounded” from the pandemic, going above pre-Covid delivery volumes and with the business anticipating revenue of <span>£1.25 billion for the first time, it said today (January 10).</span></p> <p><span>Issuing preliminary results for the year to December 31 2021 ahead of its audited accounts due to be finalised in March, CALA also said it expected a 35% increase in pre-tax profit against 2019 to around £130 million. </span></p> <p><span>Its total home completions climbed 19% against 2019 to 2,904, which was a 59% improvement on 2020. The average selling price of the private homes was £462,000 (2020: </span>£434,000;<span> 2019: </span>£464,000).</p> <p>CALA said it had experienced “strong market conditions”, reflected in its sales per site per week which rose to <span>0.76 from 2020’s 0.51 and 2019’s 0.53.</span></p> <p><span>As of December 31 2021, the company had secured 994 private forward reservations with a gross development value of £488 million, up from 443 homes (£181 million GDV) in 2019. CALA said this was its highest private forward reservations position to date.</span></p> <p><span>Kevin Whitaker, CALA’s ceo, said: “2021 has been a very successful year for the business, during which we have strongly rebounded to significantly exceed pre-pandemic 2019 volumes, revenue and pre-tax profit. …

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