Full Year Results 

Vistry beats forecasts after margin gains

Vistry beats forecasts after margin gains

Vistry (VTY) - formerly Bovis Homes - has established a solid operating base to integrate the Linden Homes and partnerships divisions it acquired from Galliford Try (GFRD) at the start of the year, reporting a pre-tax profit ahead of consensus expectations for 2019. Efforts to improve building cost efficiency resulted in a 2 per cent reduction in construction costs per square foot, which offset the inflation impacting the wider housebuilding market and flat sales prices and resulted in a 60 basis-point improvement in the operating margin to 17 per cent.

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