Taylor Wimpey’s average weekly net private sales rate was 0.74 year-to-date, down from 0.77 in the prior year. Within that, cancellation rates improved from 16% to 14%.
The order book was 5% lower at £2.2bn, reflecting a fall in contracted sales volumes and a 1% reduction in average prices.
For the full year, rising energy costs mean that expectations for build cost inflation have risen, and are now expected to be in the low-to-mid single-digit range.
As previously announced, the total payout policy remains unchanged, but it has been tweaked to include a share buyback component. As a result, a final dividend of 2.95p (2025: 4.66p) per share was announced. £34.9mn of share buybacks were completed in the period, with the remainder of the £52mn programme expected to be completed over the first half.
The shares fell 4.7% in early trading.
Our view
HL view to follow.
Taylor Wimpey 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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