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Trading statements

Countryside Properties notes robust trading

12 October 2016 07:37

Countryside Properties said trading over the summer months and into the autumn selling season has been robust.

"During the three month period following the EU Referendum we saw an initial increase in cancellation rates but this has been more than offset by trading since," the company said in a statement.

"We enter 2017 with strong outlet growth and a record order book which leaves us well positioned to meet market expectations.

"While we are mindful of the medium-term uncertainty over Brexit, our targets, as outlined at the IPO, remain unchanged.

"We continue to be firmly on track to deliver over 3,600 completions per year, an operating margin of over 17% and improvement in ROCE to over 28% by 2018."

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