“Bovis Homes Group PLC (LON:BVS) has cautioned new house sales this year will be lower than expected due to completions in December falling short.
The total for the year will now be between 3,950 to 4,000, with slower than predicted building times pushing 180 homes due to complete into the next trading year.
Total revenue in 2016 will still top the £1bn mark, but now be in a range between £1.04bn and £1.06bn ((£945mln) with profits within the previous forecast range of £160mln to £170mln (2015:£160.1 mln).
Prices this year have risen 10% from 2015’s £231,600, driven by improved mix and increased underlying market pricing, Bovis added.
Shares fell 3.5% to 825p.”
Source: Proactive Investors newsletter
East Devon Watch 