Bellway plc Announces Trading Update from August 01, 2016 to December 04, 2016; Provides Guidance on Volume Growth
December 13, 2016 at 02:00 am EST
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Bellway plc announced, at Annual General Meeting, held on December 13, 2016, the Trading Update relating to the 18 week period from August 01, 2016 to December 04, 2016. The company reported strong sales performance with a 7% increase in the reservation rate to 176 per week.
The Board now expects that the Group should be able to deliver volume growth of around 5%, assuming customer confidence is maintained and there follows the usual seasonal rise in demand throughout the forthcoming Spring selling season.
Bellway p.l.c. is a United Kingdom-based home construction company engaged in the building and selling of homes, ranging from one-bedroom apartments up to six-bedroom family homes, as well as providing social housing-to-housing associations. The Company operates into approximately 21 divisions, covering centers across England, Scotland and Wales. The Company's brands include Bellway, Ashberry brand and Bellway London. Bellway brand is engaged in building quality homes in selected locations inspired by the needs of families. Ashberry brand is used on larger sites, where the site layout and market demand justify two selling outlets. The Bellway London brand covers all their developments in London boroughs and commuter towns. Its properties range from one-bedroom apartments to four-bedroom houses. The Company's subsidiaries include Bellway Homes Limited, Bellway Housing Trust Limited, Bellway Properties Limited, Bellway (Services) Limited and Litrose Investments Limited.
BELLWAY P.L.C. 
