Barratt Redrow’s completions grew by 5% to 17,667 new homes last year, toward the top end of the group’s guidance range. Average selling prices rose 2% to around £352,000, helped by a shift in mix to larger homes in more expensive regions.
The order book edged down by £0.1bn to £2.8bn. The net cash position remained flat at £0.8bn.
Build cost inflation was 2% over the year, while the integration of Barratt and Redrow delivered £53mn of cost savings. As a result, 2026 full-year underlying pre-tax profits are expected to land in line with market expectations at around £560mn.
In 2027, new home completions are expected to rise to between 17,700-18,200, with ‘minimal’ house price inflation. Build cost inflation is expected to rise to between 3-4%.
Barratt expects to return around £0.4bn of cash to shareholders this year, primarily through share buybacks.
The shares rose 2.3% in early trading.
Our view
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Barratt Redrow key facts
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This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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