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Taylor Wimpey plc has released its full year results for 2023, showcasing a resilient performance despite market challenges. CEO Jennie Daly highlights operational success and growth prospects. ....
Taylor Wimpey deliver a record first half performance 7:16 am Taylor Wimpey plc (LON:TW) has announced its half year results for the period ended 4 July 2021. Financial highlights: · Group completions of 7,303 homes (H1 2020: 2,771) excluding joint ventures, a record first half performance, partly due to the delayed Q4 2020 completions · Strong margin performance with first half Group operating profit margin of 19.3% (H1 2020: (2.1)%; H1 2019: 18.0%), as a result of our strong cost and price discipline throughout the business and benefiting from increased completions · Net cash ‡ of £906.5 million, due to timing of land payments · Acted decisively in March 2021, to announce a new cladding fire safety provision of £125 million to make apartment buildings safe and mortgageable up to EWS1 (External Wall Fire Review) guidance ....