Taylor Wimpey ‘on track’ to meet profit expectations amid ‘strong underlying demand’ for homes

By Carl Brown2024-11-07T06:49:00

Source: Shutterstock

Housebuilder says it expects to deliver around 10,000 homes and post £416m in operating profit

Taylor Wimpey says it expects to meet its operating profit and completions expectations for 2024.

The housebuilder, in a trading update today, said it is “on track” to achieve operating profit of £416m in the year to 31 December as it projected in the summer. It also said it expects to deliver between 9,500 and 10,000 homes as previously forecast.

Jennie Daly, chief executive of Taylor Wimpey, said: “Underpinned by a strong balance sheet, well-located landbank and highly experienced teams, we are well positioned for growth from 2025, assuming supportive market conditions.”

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