Bellway (GB:BWY) has released an update.
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Bellway PLC has reported a decrease in annual housing completions to 7,654 homes with housing revenue surpassing £2.35 billion, despite a decline in volume output and a slight decrease in average selling prices. The company boasts a strong forward order book valued at £1.4 billion and a well-capitalised balance sheet with only modest debt, positioning it for growth in 2025 backed by a robust land bank and outlet opening program. Additionally, Bellway has retained its five-star homebuilder status, highlighting its commitment to quality and sustainability.
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