Bellway plc

Delivers solid growth in H1

  • Sectors : Construction and Housebuilding
  • Companies : Bellway plc

Ratings and price correct at time of issue.

  • Bellway plc

    Closing Price: 4064p

  • RATING 24/03/14

  • PREVIOUS RATING 10/09/13

    NEUTRAL

DAVY VIEW

H1 saw good momentum in volume growth at Bellway, which delivered 6% higher volumes compared to last year. With the growth for FY20 weighted towards H1, this rate will moderate in the full year numbers. We do not expect to materially change our forecasts based on today’s guidance.

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Feb 7 2020, 07:35 GMT

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