Bellway sees margins drop despite boost in turnover

By Will Ing2019-02-07T11:03:00

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

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