(Alliance News) - Harworth Group PLC on Monday said strong momentum in the current year has left it on track to deliver against its strategy.
The Rotherham, South Yorkshire-based land regenerator said it has performed strongly since the start of 2024, though it cautioned that there is still a "somewhat uncertain economic backdrop".
Chief Executive Lynda Shillaw said: "Strong demand remains for our serviced residential products which provide us with regular funding as we make excellent progress on our industrial & logistics pipeline in the remaining years of our current strategic planning period."
Harworth said it was on target to hit its GBP1 billion EPRA net disposal value by the end of 2027.
The company said it had completed, exchanged or in heads of terms on 75% of budgeted sales for the current financial year.
Harworth remains "well capitalised with a conservative balance sheet and strong financial position," it added.
As at April 30, net debt was GBP63.1 million, up from GBP36.4 million at December 31.
Shares in Harworth fell 2.6% to 134.00 pence in London on Monday.
By Jeremy Cutler, Alliance News reporter
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Harworth Gp (HWG)