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14 Jul 2021 | 07:23

Barratt lifts full-year forecasts on strong demand

(Sharecast News) - Homebuilder Barratt on Wednesday lifted annual profit forecasts driven by strong demand. The company said pre-tax profit after adjusted items of about £107m was expected to be at the top end of a range of £761m - £812m while adjusted profit was forecast to be marginally higher than expectations of £860m - £899m.

Barratt completed 17,243 homes in the year, ahead of previous guidance and higher than the 12,604 homes seen last year, but down from 17,856 homes in 2019 before the Covid pandemic struck.

Total forward sales for stood at 14,334 homes at 30 June 2021, up from 14,326 homes last year at a value of £3.47bn, up from £3.24bn in 2020 and £2.6bn two years ago.
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