9th Jan 2007 07:00
Bovis Homes Group PLC Tuesday, 9th January 2007 Trading update Bovis Homes Group PLC is today issuing the following trading update ahead ofreporting its preliminary results for the year ended 31st December 2006 onMonday, 12th March 2007. Bovis Homes anticipates announcing good results in line with Group expectations. Housing legal completions increased by over 15% compared with the previous year.The average sales price increased by 4.7% to £183,700. The operating margin forthe full year remained strong at approximately 23%. The Group ended the yearwith cash on deposit which, when added to its banking facilities, provides thefinancial strength to fund the infrastructure commitments relating to largestrategic sites, which form an important part of the Group's expansion plan. Bovis Homes has improved its forward sales position significantly compared withthe same time last year. Over 25% of the projected 2007 legal completions arenow reserved with profit margins in line with Group expectations. \* TEnquiries: Malcolm Harris, Chief Executive Emily Bruning Bovis Homes Group PLC Shared Value Limited Tel: 01474 876 200 tel: 020 7321 5027\* T Copyright Business Wire 2007Related Shares:
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