Final Results Tue, 2nd Sep 2014 07:00 RNS Number : 5657Q Redrow PLC 02 September 2014 ? Tuesday 2 September 2014 Redrow plc Final results for the year to 30 June 2014 REDROW DELIVERS RECORD RESULTS Financial Results 2014 2013 Change Revenue £864.5m £604.8m +43% Operating Profit £137.5m £73.2m +88% Profit before tax £132.6m £69.4m +91% EPS (adjusted) 28.6p 15.6p +83% ROCE 18.0% 12.2% +48% Final Dividend 2p 1p +100% Financial highlights · Group revenue rose 43% to a record £864.5m driven by a 27% increase in legal completions and a 13% increase in Average Selling Price to £239,500 · Gross margins rose to 21.7% from 18.8% at June 2013 · Record pre-tax profit of £132.6m, up 91% · Adjusted earnings per share up 83% to 28.6p · Value of private reservations up 53% from £668m to £1,021m · Help to Buy represented 35% of private completions · Return on Capital Employed of 18% (2013: 12.2%) · Net debt increased to £172.6m vs £91m in 2013, due to ongoing investment in land and work in progress · On the basis of these strong results, the Board is proposing a final dividend of 2p per share, double that of the dividend paid in 2013 Operational highlights · Legal completions rose 27% to 3,597 (2013: 2,827) spurred by Help to Buy · Number of employees up 21% to 1,346 to meet growing demand · Number of apprentices increased 14% to 84 · London Division contributed £124m of turnover from 293 legal completions · Order Book up 85% at £482m · Outlets increased 12% from 92 to 103 · The owned and contracted land bank at the end of June 2014 was 16,724 plots
12 Aug '14
no statement this year
There was a trading statement on 4th July last year. Nothing has come out this year yet.
1 Aug '14
Not alone this but others seem to be taking a hit, anyone have opinions why?
30 Jul '14
Oh dear. Loosing on here and on tw?
15 Jul '14
This is hideous! February 21st THIS YEAR 352, July 242! Luckily i don't have many of these shares but that is a meltdown.
9 Jul '14
Redrow plc ("the Company") today announces the intended dates on which it will report its financial performance for the remainder of the 2014 calendar year. Half year results for the six months ended 31 December 2013 will be issued on Thursday 27 February 2014. An Interim Management Statement will be issued on Tuesday 29 April 2014. Full year results for the year ending 30 June 2014 will be issued Tuesday 16 September 2014.
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