Countryside has reported that performance in its current trading year to date is in line with expectations.
Open sales outlets are up 25% at 60 (2017: 48) and average weekly site visitors up 3% year on year. The firm is seeing house price inflation of 3% but build cost inflation at 3% to 4%.
The firm is issuing new medium term guidance “given our confidence in the operational performance of the group and the visibility of future work.” The firm expects growth in total completions of 10 to 15%-plus per annum, with an adjusted operating margin of 17%-plus.
