Bovis Homes builds profits in 2018

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Bovis Homes builds profits in 2018
Master Investor Magazine 46 cover

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Housebuilder Bovis Homes (LON:BVS) has announced that it beat market forecasts and achieved record profits during 2018. The group sold 3% more properties than during the prior year at a slightly higher average prices.

CEO Greg Fitzgerald commented: “The significant improvement in operational performance across all areas of the business is expected to deliver a record year of profits for the Group. Customer satisfaction is a key priority and the Group’s return to 4 star housebuilder status along with another controlled and disciplined period end reflect this. We are looking forward to delivering the first homes from our new housing range in 2019 and continuing to make further operational and financial progress“.

The price of Bovis Homes shares climbed by 6.02% to 982.60p (as of 14:30 GMT).

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