Redrow plc

Big miss reported for 2020 despite good sales rates

  • Sectors : Construction and Housebuilding
  • Companies : Redrow plc

Ratings and price correct at time of issue.

  • Redrow plc

    Closing Price: 462p

  • RATING 10/09/13

  • PREVIOUS RATING 21/05/13



The timing of year-end combined with a heavy weighting towards H2 completions has meant the pandemic effect on volumes was more than 15% worse than our expectations. While the sales rate performance is positive, the ability to deliver volume in the short term appears to be worse than expected.

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Jun 30 2020, 08:45 IST/BST