Reuters logo
BRIEF-McCarthy & Stone says forward order book up by 241 mln stg since March 1
July 5, 2017 / 6:22 AM / 3 months ago

BRIEF-McCarthy & Stone says forward order book up by 241 mln stg since March 1

July 5 (Reuters) - Mccarthy & Stone Plc:

* Trading update

* Underlying trading conditions remained stable during period from march to date

* Saw some slowing of sales momentum experienced in recent weeks due to uncertainty created by general election

* Has continued to make steady progress in increasing its forward order book and reservation rates have remained broadly in line with prior year

* Seen upward momentum in average selling prices and margins since 1 March

* Average selling prices have exceeded 280,000 stg per unit during period (2016: 265,000 stg)

* Total forward order book has increased by 241 mln stg (2016: 219 mln stg) since 1 March

* Total forward sales including legal completions to date are now in line with prior year at 659 mln stg (2016: 659 mln stg)

* In light of current uncertainty in market however, it is possible that there may be a modest impact on timing of conversion of existing reservations into completions

* Remains confident of delivering 80 new sales releases next financial year, a c.80 pct increase over 44 sales releases forecast for current year Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below