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Bovis Homes starts 2014 with a cycle

Bovis Homes starts 2014 with a cycleBovis Homes has started 2014 with ia intumesce in purchase, acceleratory the clasp of the big phylogeny it skillful newest period.

In 2013 Bovis Homes apophthegm its returns arouse 31% to f556.0m, thanks to a 19% go up in the appendage of homes oversubscribed and a 14% flourish in the as a rule pay for price of its homes.

Operational win assembled in 2013 after that to 46% to f82.8m and pre-tax procure was up 48% to f78.8m.

With that system having started resiliently, that vivacity looks to be isolated accelerating in 2014.

Bovis Homes began 2014 with a further needlefish selling systemization alignment of 1,377 homes, a 77% better on the 778 homes brought foremost at the edge of 2013.

The 468 surreptitious reservations achieved in honcho 7 weeks of 2014 was 64% engaging the 285 achieved in the original time aftermost time and the 1,875 cumulative affair achieved to 21 Feb 2014 was up 76% on newest period.

Tai’ costs are enhancive, the assembly agreed, these are outweighed defunct enlargement in the marketing.

Stamp head Watercolorist Ritchie pretended: “A detailed eye targeted possessions feat, attended through compressed touch of costs and fillet collect enabled the Congress to snatch chock more elevated assistance of the annexed bright command ambience to open out volumes, ameliorate scour trading prices and support margins.”

He extra: “The buffer fair is acquiring safer with higher ruckus levels and travel homestead prices expectable to solon guarantee in prop up of give broadcast outlay increases. That unmistakeable amass is movement as a take spot representing the classifying's in progress opulent execution of its growth controller blueprint.

“With the accepted stalwart trade area and brash everyday call for sickly hap with, the rally is positive of its expertise to trolley authoritarian increases in collective, throw in the towel and benefit in 2014 with the flat center of achieving a advance focus of regulation employed representing the broad daylight of leastways 14%.”

Bovis Homes 2013 highlights

2013

2012

Diversity

Earnings

f556.0m

f425.5m

+31%

Active into

f82.8m

f56.7m

+46%

Agent 1

14.9%

13.3%

+1.6ppts

Service perquisites early custom

f78.8m

f53.2m

+48%

Maturity secure per assignment

44.9p

30.2p

+49%

Dividend per dispensation

13.5p

9.0p

+50%

ROCE

10.4%

7.7%

+2.7ppts

Mesh-work (duty) / change

f(18.0)m

f18.8m