Linden expecting "strong" year end performance

July 17, 2018
<p></p><p>Linden Homes expects to report a “strong overall performance” for the year ending June 30 2018 with further significant improvement in margin, it said today (July 17).</p><p><span>Issuing an update ahead of parent company Galliford Try’s results for its full year, expected on September 12, Linden, the housebuilding arm of the housing, regeneration and construction business, said its performance reflected “very good progress against our strategic objectives”. </span><br/></p><p><span>During the period, Linden achieved 3,442 unit completions, up from 2017’s 3,296 units. Its average private sales price rose 4% to £367,000. </span><br/></p><p><span>Linden’s sales rate for its financial year was 0.59 units per site per week, slightly down on last year’s 0.62. It operated from an average of 85 outlets against 2017’s 77.</span><br/></p><p><span>The housebuilder has a forward sales position totalling £366 million, representing 2,326 units (2017: £373 million and 2,229 units). </span><br/></p><p>Peter Truscott, GT’s ceo, said: “Galliford Try has achieved a strong underlying performance in the financial year and continues to make good progress against its growth plans to 2021 across all three businesses.</p><p>“Linden Homes has delivered sales growth in line with expectations and at a further significantly improved operating margin, and enters the new financial year with sales exchanged and reserved of £366 …

Continue reading

To continue reading this article please login or register.

Login

Forgot your password?

Register for free

Quick and free registration

Register