|
contents | business | |||||||||
| Taylor Woodrow expects full year 2006 results towards top end Taylor Woodrow plc, the international housing development company, issues an update on trading for the year ended 31st December 2006. At a consolidated level, home completions were up 5.2% to 13,165 (2005: 12,516). The group landbank (owned and controlled) decreased to 68,662 plots (2005: 75,160), driven by a reduction in holdings in North America. The order book was also down at £1,070m (2005: £1,318m), with a decrease in North America offsetting increases in the UK and Spain. Taylor Woodrow completed 8,294 homes in the steady market conditions experienced during 2006, up 1.4% on last year (2005: 8,178). Sales rates remained good in the second half of the year, despite rises in interest rates. An increase of 5% in active sites during the second half contributed to a 30% increase in the order book to £534m (2005: £411m). Preliminary results will be announced on 20th February 2007. write your comments about the article :: © 2007 Construction News :: home page |