11th Jan 2008 09:53
Bellway PLC11 January 2008 AGM Statement Since the Interim Management Statement released on 6 December, market conditionshave continued to be challenging. Despite this, the Group expects the number oflegal completions for the six months ending 31 January 2008 to be at a similarlevel to last year's 3,264 homes. The key spring selling season has yet to commence and given the presentsentiment surrounding the housing market, it is too early to predict the finaloutcome for the current financial year. This is despite having more than 70% ofthe Group's revised target already in place. Whilst Bellway is not immune from the general trends in the new homes market, weare sensibly positioning ourselves to take advantage of any improvements thatmay occur in the near future. Further comment and advice will be made at the announcement of the InterimResults on Wednesday 26 March. FOR FURTHER INFORMATION PLEASE CONTACT JOHN WATSON OR ALISTAIR LEITCH ON 0191 217 0717 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Bellway