Vistry’s full-year revenue moved 2% lower to £4.2bn. This comes as a 3% rise in average selling prices to around £282,000 and roughly £200mn of land sales weren’t quite enough to offset a slowdown in average weekly sales rates from 1.07 to 0.96.
Completions were 9% weaker than expected as the group built around 15,700 new homes (2024: 17,225). The order book declined from £4.4bn to around £4.0bn.
Net debt improved from £181mn to around £145mn.
Full-year underlying pre-tax profits are expected to improve from £264mn to around £270mn, broadly in line with market forecasts.
In 2026, Vistry expects ‘increased activity’, with performance weighted to the second half. Markets are currently forecasting underlying pre-tax profits to rise to around £317mn.
The shares fell 4.3% in early trading.
Our view
HL view to follow.
Vistry key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
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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