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Jan 10 2024, 07:10 GMT
Glenveagh Properties
FY23 to be 6% ahead of forecast; well set for 2024
- Sectors : Construction and Housebuilding
- Companies : Glenveagh Properties
DAVY VIEW
FY23 results are better than expected due to revenue being generated from Partnerships for the first time and a better margin in the Suburban division. Net debt is better than expected and the company has seen a very successful year for planning permissions. The order book is 86% higher year-on-year (yoy). We reiterate our ‘Outperform’ rating.
