Half year results 2019

10/09/2019

Continued excellent operational progress delivers record profits

Bovis Homes Group PLC (the ‘Group’) is today issuing its half year results for the six months ended 30 June 2019.

H1 Highlights

  • Record profits with profit before tax increasing by 20% to £72.4m
  • Step up in profitability including 140 basis points improvement in operating margin to 16%
  • 15% increase in private sales rate to 0.6 per site per week despite an uncertain market backdrop
  • Further strong improvement in customer satisfaction with Group trending at 5-star HBF customer satisfaction score for the year to date
  • High quality land acquisitions in the year to date totalling 2,007 plots across 12 sites
  • Further strengthened balance sheet with increase in net cash as at 30 June 2019 to £102.4m
  • Interim dividend up 8% to 20.5p per share reflecting confidence in the business

For full press release, click here.