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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bovis Homes Group Plc | LSE:BVS | London | Ordinary Share | GB0001859296 | ORD 50P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1,312.00 | 1,311.00 | 1,312.00 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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7 January 2004
BOVIS HOMES GROUP PLC
TRADING UPDATE
Bovis Homes Group PLC is today issuing the following update on trading
ahead of reporting the Group's final results for the year ended 31st
December 2003 on 8th March 2004.
The housing market during the past six months has been strong enabling
the Group to increase both sales rate and profit margin compared with
the first half year.
Legal completions for the year ended 31st December 2003 were slightly
ahead of our internal forecast, with average sales price approximately
10% above the average of the preceding year due to a combination of
enhanced specification, improvement to mix, location, and general sales
inflation. The operating margin is expected to show an increase over
both 2002 and that reported to 30th June 2003.
We now have more sales outlets in production over a wider geographic
area than last year and have entered the current year with a good sales
position with cumulative reservations over 10% ahead of the comparative
position in 2003.
With our excellent land holdings and improved product range, we are in a
good position to deliver another set of positive results in 2004.
Enquiries:
Malcolm Harris
Chief Executive
Bovis Homes Group PLC
Tel: 01474 872427
Andrew Best / Emily Bruning
Shared Value Ltd
Tel: 020 7321 5010
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