Trading Statement
11 Gennaio 2005 - 8:00AM
UK Regulatory
Bovis Homes Group PLC
11 January 2004
BOVIS HOMES GROUP PLC
TRADING UPDATE
Bovis Homes Group PLC is today issuing the following update on trading ahead of
reporting the Group's preliminary results for the year ended 31 December 2004,
on Monday 14 March 2005.
We anticipate announcing record profits broadly in line with the consensus of
current broker forecasts.
Legal completions, including those units built on third party land, increased by
approximately 9% over those reported in the previous year. The average selling
price improved to �198,000 compared with �185,000 in 2003. As previously
advised, land sales and other income have exceeded those reported for the
previous year.
A number of strategic land purchases were made in the last quarter further
increasing the Group's land bank. Closing gearing was approximately 3%.
GDP is forecast to grow by over 2% in 2005. High levels of employment,
continuing low interest rates and an imbalance between housing supply and demand
should support a healthy housing market in respect of the sector and locations
in which the Group operates.
Enquiries:
Malcolm Harris, Chief Executive
Bovis Homes Group PLC
Tel: 01474 872427
Andrew Best/Emily Bruning
Shared Value Ltd
Tel: 020 7321 5022 / 5027
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