|
contents | business | |||||||||
| Taylor Wimpey to report full year results in line with expectations Taylor Wimpey plc, the largest British based house building and general construction company, has issued update on trading ahead of its Full Year Results for the year ended 31 December 2009, which will be announced on 3 March 2010. Market conditions in both the UK and North America during 2009 were better than those experienced during 2008, although they still remained challenging. The Group continued its focus on cash generation through the year and, as a result, year end net debt has been reduced to c.£750 million, substantially below the £1,529 million at 31 December 2008. UK business has maintained its encouraging performance since Interim Management Statement in November and Taylor Wimpey has entered 2010 with a very strong order book position, up 28% by volume compared to the end of 2008. In North America, the Group was encouraged by the prolonged period of stability it have experienced since early 2009. The Board therefore expects to report full year results in line with its expectations. write your comments about the article :: © 2010 Construction News :: home page |