Vistry full-year completions down a third

By Joey Gardiner2021-01-12T10:05:00

However housebuilder to report £140m 2020 profit after strong trading in second half

Housebuilder Vistry has said its housebuilding completions fell by a third last year because of the covid-19 pandemic.

Despite this the firm said it was set to hit revised profit expectations for the year.

In a City trading update covering the 2020 calendar year, the housebuilder – which formed from a merger of Bovis Homes and Galliford Try’s housebuilding and housing partnerships businesses exactly a year ago – said it had benefitted from strong trading in the second half of the year, with sales per site per week 15% up on 2019.

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