Redrow (RDW)

Sector:

Household Goods

Index:

FTSE 250

512.00p
   
  • Change Today:
      8.50p
  • 52 Week High: 718.80
  • 52 Week Low: 500.00
  • Currency: UK Pounds
  • Shares Issued: 352.19m
  • Volume: 1,198,791
  • Market Cap: £1,803.21m
  • RiskGrade: 176

Redrow FY results expected to be at pre-Covid levels

By Iain Gilbert

Date: Friday 12 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Housebuilder Redrow said on Friday that 2022 full-year results were expected to be close to pre-Covid levels
Redrow said the value of net private reservations in the 19 weeks to 5 November was 2% higher year-on-year at £672.0m, while private revenue per outlet per week was £309,000, up from £298,000 last year.

Despite well-publicised material shortages and supply interruptions facing the industry, Redrow stated it had successfully worked with its longstanding supply partners to ensure build output remained at normal levels and estimates that overall build cost inflation will be roughly 5% for the current financial year.

Homes turnover for the period was 4% below "the exceptional level" seen last year at £666.0m, while the group's total forward order book was a record £1.51bn, up from £1.48bn.

"With the strength of our order book, ongoing sales rates and the increase in private average selling prices, we now expect our turnover for 2022 to be circa £2.1bn, and our operating margin to be circa 19%," said Redrow.

"As a result of our strategy to grow the business outside London, with a strong focus on our industry-leading product and placemaking, we expect to deliver results in the 2022 financial year approaching those achieved in 2019."

As of 0905 GMT, Redrow shares were up 1.75% at 638.60p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Redrow Market Data

Currency UK Pounds
Share Price 512.00p
Change Today 8.50p
% Change 1.69 %
52 Week High 718.80
52 Week Low 500.00
Volume 1,198,791
Shares Issued 352.19m
Market Cap £1,803.21m
RiskGrade 176

Redrow Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.49% above the market average95.49% above the market average95.49% above the market average95.49% above the market average95.49% above the market average
83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average
Price Trend
33.72% below the market average33.72% below the market average33.72% below the market average33.72% below the market average33.72% below the market average
28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average
Income
91.56% above the market average91.56% above the market average91.56% above the market average91.56% above the market average91.56% above the market average
47.37% above the sector average47.37% above the sector average47.37% above the sector average47.37% above the sector average47.37% above the sector average
Growth
73.51% above the market average73.51% above the market average73.51% above the market average73.51% above the market average73.51% above the market average
30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average

What The Brokers Say

Strong Buy 16
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 17
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Redrow Dividends

  Latest Previous
  Interim Final
Ex-Div 24-Feb-22 23-Sep-21
Paid 08-Apr-22 17-Nov-21
Amount 10.00p 18.50p

Trades for 20-May-2022

Time Volume / Share Price
16:35 145,469 @ 512.00p
16:29 28 @ 511.50p
16:29 1 @ 511.50p
16:29 200 @ 511.00p
16:29 250 @ 511.00p

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