TW sees “strong” 2021

March 3, 2022
<p>Taylor Wimpey has enjoyed “strong” full year results matching its expectations, with the housebuilder seeing a 47% increase in its completions and revenue rising <span>53.6% against 2020.</span></p> <p>Issuing its results for the year ending December 31 2021, the business achieved <span>14,087 home completions against 2020’s 9,609. This compares to the pre-pandemic </span>16,042 of 2019.</p> <p>Taylor Wimpey’s revenue in 2021 was £<span>4,284.9 million, close to 2019’s £4,341.3 million. Pre-tax profit jumped 157% to £679.6 million but was still notably down on the £835.9 million of two years ago.</span></p> <p><span>Its operating profit grew to £828.6 million from 2020’s £300.3 million and only a little behind 2019’s £850.5 million. Operating profit margin lifted from 2020’s 10.8% to 19.3% (2020: 19.6%). </span></p> <p><span>During 2021, Taylor Wimpey’s net private reservation rate was </span><span>0.91 homes per outlet per week against 2020’s 0.76. Private average selling prices rose 3% to £332,000.</span></p><p></p> <p>As of December 31 2021, its forward order book stood at <span>10,009 homes (December 31 2020: 10,685), valued at £2,550 million (December 31 2020: £2,684 million). </span></p> <p><span>Taylor Wimpey said that the spring selling season had “started well,” with its net private sales rate for the year to date (as of week ending February 27 2022) …

Continue reading

To continue reading this article please login or register.

Login

Forgot your password?

Register for free

Quick and free registration

Register