3rd May 2006 07:01
Taylor Woodrow PLC03 May 2006 Taylor Woodrow plc AGM Statement Iain Napier, Chief Executive of Taylor Woodrow, will make the following commentsat today's AGM: "In the UK, we have experienced increases in reservations per site per week,along with an improvement in cancellation rates. We continue to expect modestgrowth in unit completions for the full year. However, as we indicated at ourPreliminary Results Announcement, our site opening schedule will be moreweighted towards the second half. Our record forward sales position, allied to our proven land development skills,gives us confidence in our ability to grow 2006 profits from our North Americanoperations. Despite the softening in certain of our North American markets compared with the exceptional growth that they saw in 2005, we continue to anticipate good increases in completions, particularly in the second half. Spain and Construction remain on course to deliver stable performance in 2006. Overall, the outlook for 2006 remains in line with our expectations." -ends- Notes to editors: Taylor Woodrow is a housing development group. Its primary business is thedevelopment of sustainable communities of high quality homes across the UK andin selected markets in North America and Spain. The company is listed on theLondon Stock Exchange and in the year ending 31 December 2005 turnover increasedby 5% to £3.5 billion. For further information please visit the company's website -www.taylorwoodrow.com For further information please contact: Taylor Woodrow Investor RelationsJonathan Drake 0121 600 8394 / 07816 517 039 Taylor Woodrow Media EnquiriesIan Morris 0121 600 8520 / 07816 518 767 Bell PottingerDan de Belder/ Victoria Geoghegan 020 7861 3232 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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