Vistry upgrades profit target after strong start to 2021 : v

Vistry upgrades profit target after strong start to 2021


Vistry upgrades profit target after strong start to 2021
Vistry CEO Greg Fitzgerald
Vistry’s profit and cash performance in 2021 should be “significantly ahead” of its previous estimates, after the company reported very strong demand across the first few months of the year.
The Kingshill-based company, formed through a merger of Bovis Homes and parts of Galliford Try last year, said pre-tax profit should reach around £325m this year, up from the previous estimate of at least £310m, after build rates reached “pre-pandemic rates or higher” in the first months of 2021.
Vistry chief executive Greg Fitzgerald said: “As we approach the end of our first half, we anticipate results for the six months will be well ahead of our previous expectations.”

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