Bovis Homes built 2,813 new homes in 2013, up from 2,355 in 2012. Of these, 2,330 were private homes (2012: 1,854), an increase of 26%.
The group's average sales price was up 14% to £195,100 (2012: £170,700), because it built more large homes in affluent areas.
Operating profit margin has improved to nearly 15%, up from13.3% in 2012, thanks to cost-cutting measures as well as selling more houses on land bought cheaply after the downturn.
Bovis Homes began 2014 with 94 active sales outlets. This number is expected to rise during 2014 as the company has invested substantially in land. During 2013 it added 3,737 plots to the consented land bank on 27 sites. At the end of 2013, the land bank stood at 14,638 consented plots.
Chief executive David Ritchie said: "2013 was another successful year for Bovis Homes. We delivered significant growth in profits and returns as a result of our continued strategy of growth through investment in high quality consented and strategic land. Our forward order book is in its best position for many years.
"With further increases in active sales outlets supported by ongoing assertive land buying, the group is confident of its future prospects and ability to deliver further significant improvement in returns."
Bovis Homes Group publishes its 2013 results on Monday 24 February 2014.
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