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Vistry Group ( (GB:VTY) ) just unveiled an announcement.
Vistry Group PLC provided a trading update for the fiscal year ended December 31, 2024, highlighting an expected adjusted profit before tax of approximately £250 million, aligning with revised guidance despite a decline from the previous year. The company saw a 7% increase in total completions and a 9% rise in adjusted revenues, driven by strong performance in the partner-funded market. However, increased debt levels and market uncertainties, particularly concerning open market sales, were noted. The Group is optimistic about the Partnerships market and is focusing on cash generation and operational improvements for FY25, amid restructuring and enhanced control measures following cost issues in its South Division.
More about Vistry Group
Vistry Group PLC is a company operating in the real estate and construction industry, focusing primarily on the development and sale of residential properties. The company engages in both open market and partner-funded housing projects, emphasizing mixed tenure units through collaborations with various partners including local authorities and housing associations.
YTD Price Performance: -10.40%
Average Trading Volume: 2,848,109
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.71B
For a thorough assessment of VTY stock, go to TipRanks’ Stock Analysis page.
