Takuechi Finance Takuechi Finance
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Sun April 22 2018

Related Information
Related Information
Related Information
Related Information

News » UK » Taylor Wimpey margin tops 20% » published 11 Jan 2016

Taylor Wimpey margin tops 20%

House-builder Taylor Wimpey reports that its operating profit margin reached a new high in 2015, topping 20%.

In a trading update for the year ended 31st December 2015, Taylor Wimpey said that its total home completions increased by 7% to 13,341 and the overall average selling price increased by 8% to £230,000 (2014: £213,000).

With the market continuing to strengthen through the year, the company ended the year with £225m net cash in the bank and a record order book of £1,779m, excluding joint ventures, up 27% over the year. This represents 7,484 homes.

Chief executive Pete Redfern said: "We have delivered a strong trading performance in 2015, in a positive housing market, building more homes than at any point in the last six years and delivering a record operating profit margin of over 20%. We are confident that the principles we are operating to will deliver long term sustainable value across the housing cycle, and we remain focused on working with communities and our customers, suppliers and employees to drive continual improvement in the quality and consistency of our operational business."




Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News & Contract News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 11 Jan 2016 (last updated on 11 Jan 2016).

More News Channels