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Upbeat trading at Taylor Wimpey

26 Apr 12 Housebuilder Taylor Wimpey has made a strong start to the year and remains confident of its prospects in 2012, the company said in a trading update.

Both sales and profit margins are “at the upper end of our expectations”, the company said.

“We have increased the value of our order book, excluding legal completions to date, to £1.03bn, up by 23% from the year end and by 16% from the equivalent point last year. This growth has been driven primarily by private reservations and we have achieved further improvement in both pricing and margin in the order book since the year end.”

The company has also been buying land, adding a further 2,242 potential plots to its portfolio since the start of 2012. Planning consent has been secured on 930 plots.

Taylor Wimpey is holding its annual general meeting for shareholders in London this morning (26 April 2012).

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MPU

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