Vistry ahead of expectations amid sales boom

By Carl Brown2022-07-08T09:50:00

Source: Shutterstock

Housebuilder expects annual profit to be at “the top end of expectations” after strong start to the year

Vistry is on track to exceed its profit margin targets after a better-than-expected start to the year, it has said in a trading update this morning.,

The housebuilder, in an update for the six months to 2022, said good demand has led to an 11% increase in its average weekly private sales rate to 0.84 units.

It now expects its adjusted profit before tax to be at the ‘top end’ of market forecasts at around £417m.

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