Bellway sees margins drop despite boost in turnover

Bellway

Firm blames slowing housing market

Bellway’s turnover jumped 12% year-on-year in the six months to 31 January as the firm saw a hike in housing completions and average selling price.

But in a trading update, the firm warned that its operating margin had dipped to 21.5% – down from 22.2% a year ago – as inflation of house prices has begun to slow.

And its order book fell to £1.17bn, 10% lower than the £1.3bn figure in 2018. 

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

 

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

  • Limited access to building.co.uk
  • Breaking industry news as it happens
  • Breaking, daily and weekly e-newsletters

Get your free guest access  SIGN UP TODAY

Gated access promo

Subscribe now for unlimited access

 

Subscribe to Building today and you will benefit from:

  • Unlimited access to all stories including expert analysis and comment from industry leaders
  • Our league tables, cost models and economics data
  • Our online archive of over 10,000 articles
  • Building magazine digital editions
  • Building magazine print editions
  • Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community