Bellway PLC

BWY

Equity

ISIN GB0000904986 / Valor 181802

LSE London Stock Exchange, SETS (2024-12-23)

GBP 24.04+0.25%

Bellway PLC
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About company

Bellway PLC is a prominent UK-based residential property developer, with its headquarters in Newcastle upon Tyne. The company operates through 20 divisional offices strategically located across England, Scotland, and Wales, enabling it to serve the main population centers throughout Great Britain. Bellway's business model is focused on the development of desirable housing primarily aimed at families, as well as the provision of apartments tailored to meet the needs of young professionals, especially within the London area. While its activities in London are mainly concentrated in the outer boroughs, the company's reach extends across the nation, reflecting its commitment to addressing the diverse housing needs of its clientele. Through its extensive network and strategic focus, Bellway PLC has established itself as a key player in the UK's residential property development sector.

Summarized from source with an LLMView SourceSector: Industrials

Revenue

Bellway PLC reported housing revenue of over £2.35 billion for the financial year ended 31 July 2024, a decrease from £3,396.3 million in the previous year. This decline reflects the challenging market conditions faced during the year.

Operating Margin

The underlying operating margin for Bellway PLC in the financial year 2024 is expected to be around 10%, down from 16.0% in the prior year. This reduction is attributed to cost inflation and changes in the product mix.

Home Completions

Bellway PLC completed approximately 7,500 homes in the financial year 2024, compared to 10,945 homes in the previous year. The decrease in volume output is in line with the company's earlier guidance.

Average Selling Price

The overall average selling price for Bellway PLC homes in the financial year 2024 is anticipated to be around £305,000. This is a slight decrease from £310,306 in the previous year, primarily due to changes in the product mix.

Outlook

Bellway PLC remains optimistic about the future, citing good levels of customer enquiries and stability in reservation rates. The company is encouraged by the government's focus on addressing the housing shortfall and plans to reform the planning system, which should support growth in the coming years.

Summarized from source with an LLMView Source

Key figures

-7.04%1Y

-27.8%3Y

-36.1%5Y

Performance

27.5%1Y

31.4%3Y

36.2%5Y

Volatility