Oct 17, 2023 / 08:30AM GMT
Jason Michael Honeyman - Bellway p.l.c. - Group CEO & Executive Director
Good morning, and welcome to Bellway's full year results. As always, I'm sure you will have a keen interest in autumn trading. But first, a few key points from last year. We've delivered a very credible performance in a particularly difficult trading environment. Housing completions at 10,945 homes, we're only just behind last year's record output and underlying PBT of GBP 533 million down on last year, but still a solid performance bearing in mind inflationary pressures. The dividend was maintained at GBP 1.40 and combined with our GBP 100 million share buyback, we have committed to return a total of GBP 270 million to our shareholders. And notably, our balance sheet remains strong with over GBP 230 million of net cash at the 31st of July.
Now understandably, trading conditions have been significantly impacted by rising interest rates. And in FY '23, you may recall that our approach was to protect the balance sheet and lean upon our operational strength. And we achieved that by unwinding the order book to collect cash,
Full Year 2023 Bellway PLC Earnings Call Transcript
Feb 12, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers