Ewloe based housebuilder Redrow AGM today – positive outlook being reported.

Deeside housebuilder Redrow plc is holding its Annual General Meeting today at St David’s Park Hotel, Ewloe. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

Steve Morgan, Chairman of Redrow will tell the meeting: ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

‘I am pleased to report that this year’s positive sales trend, which I announced in the September Prelims, has continued. Currently, net private reservations are 28% ahead at 1,560 and the sales rate for the 19 weeks to 6 November 2015 is 0.68 per outlet per week, up 5% on last year. The Average Selling Price of private reservations for the financial year to date is £334,000, an 18% increase mainly driven by better quality outlets coming on stream to replace lower priced sites. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

With this strong sales performance, I am confident this will be another year of significant progress for Redrow. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

The next scheduled trading update will be Redrow’s half-yearly results for the six months ending 31 December 2015, which are due to be announced on Tuesday 9 February 2016. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

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