Bellway forward order book grows, trading 'robust'

(Sharecast News) - Construction firm Bellway said on Tuesday that trading has been "robust" through the spring selling season, with its forward order book increasing by 7.7% year-on-year and comprising 5,759 homes as of 1 June. Overall average selling prices were now anticipated to be around £315,000, up from £307,909 on 31 July, while volume output was pegged to be between 8,600 and 8,700 homes in FY25, up from 7,654 homes. Bellway also continues to expect underlying operating margins to approach 11.0%, ahead of the prior year's 10.0% mark.

The FTSE 250-listed group also noted that it was now fully sold for the current financial year and stated that, if market conditions remain stable, it "remains well-positioned" to deliver cumulative volume growth of 20% in the two years to 31 July 2026.

Chief executive Jason Honeyman said: "Bellway has delivered a solid trading performance, and we are on track to deliver strong growth in volume output and profits in the full financial year. We have a healthy forward order book and outlet opening programme, which will serve as a platform for further growth in FY26.

"I remain confident that, supported by the group's operational strengths, land bank depth and an increased focus on cash generation and capital efficiency, Bellway can capitalise on the positive fundamentals of our industry and deliver volume growth, improved returns and ongoing value creation for shareholders."

As of 0720 BST, Bellway shares were untraded at 2,674.0p.

Reporting by Iain Gilbert at Sharecast.com