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Jun 30 2020, 08:45 IST/BST
Redrow plc
Big miss reported for 2020 despite good sales rates
- Sectors : Construction and Housebuilding
- Companies : Redrow plc
DAVY VIEW
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.
