TW’s full year in line with expectations

Jan. 17, 2022
<p>Taylor Wimpey expects to announce full year results “in line with expectations” it said today (January 17) with a group operating profit anticipated of around £820 million.</p> <p><span>Reporting ahead of its results for the year ending December 31 2021, expected on March 3, the volume housebuilder said that its total UK home completions (including joint ventures) rose 47% to 14,087 against 2020. But this was still down on the 15,719 total completions of the pre-pandemic 2019. The private average selling price rose 3% to £332,000.</span></p><p></p> <p><span>Taylor Wimpey’s net private reservation rate for 2021 was 0.91 homes per outlet per week compared to the previous year’s 0.76.</span></p><p></p> <p><span>With demand for its homes “remaining strong”, the company said it closed sales outlets ahead of time, trading from an average of 225 outlets in 2021 against 2020’s 240. It began 2022 with 228 outlets (December 31 2020: 239), with the business “remaining confident” that it would increase its outlets “meaningfully” from H2 2022.</span></p><p></p> <p><span>It noted that during the year house price inflation had “fully offset” build cost inflation. “Our national scale and strong partner relationships and agreements enabled us to effectively manage these pressures,” it stated.</span></p><p></p> <p><span>Taylor Wimpey also highlighted its “excellent order …

Continue reading

To continue reading this article please login or register.

Login

Forgot your password?

Register for free

Quick and free registration

Register