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Taylor Wimpey plc, 02/08/202

Taylor Wimpey plc’s H1 results reveal several key points. The group completed 5,120 homes (compared to 6,922 in H1 2022), with a group operating profit margin of 14.4%, down from 20.4% in H1 2022. This decline is attributed to reduced completions and the impact of build cost inflation, which outpaced house price inflation during the period. The company announced an interim dividend of 4.79 pence per share, in line with their Ordinary Dividend Policy. Full-year UK completions (excluding JVs) are projected to be in the 10,000 to 10,500 range, with the full-year Group operating profit (including JVs) expected to be between £440 million and £470 million. The period ended with net cash of £654.9 million. Taylor Wimpey also renewed its revolving credit facility, increasing it to £600 million and extending maturity to July 2028, incorporating sustainability linked performance measures.

Date de publication :02/08/2023

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