Taylor Wimpey share price: what to expect from its Q1 results

Despite a myriad of headwinds, the British homebuilder secured a strong 2018 performance with investors hoping for more of the same this year.

Taylor Wimpey Source: Bloomberg

When is Taylor Wimpey’s results date?

Taylor Wimpey will hold its annual general meeting (AGM) and release its Q1 trading update on April 25.

Taylor Wimpey results preview: what does the City expect?

Taylor Wimpey recorded yet another strong year in 2018, with the homebuilder making good progress against its strategic goals and delivering results in line with its expectations.

Operating profit in 2018 came in at £880.2 million, representing a 4.3% increase over the previous year, with its performance driven by improvements in both its UK and the Spanish businesses.

The UK homebuilder managed to achieve a strong sales rate and record revenues, a feat made even more impressive when considering the sector at large as has had to contend with ongoing macroeconomic and political uncertainty.

The British homebuilder has made a positive start to 2019 and as it enters the spring selling season its customer confidence remains robust, with the company recording a net private sales rate for the year to date (week ending 24 February 2019) at 0.99, up from 0.82 in the same period a year prior.

‘We enter the year with a strong order book and a clear strategy in place to deliver long term value for shareholders,’ Taylor Wimpey CEO Pete Redfem said.

In 2019, the company plans to focus on making supply chain improvements, moving ahead with a customer-led strategy and continuing to remain conscious of political and economic risks, particularly around Brexit with the UK delaying its departure from the EU until October 31.

New-build complaints increase

Earlier this year, the British homebuilder, in its full-year 2018 results, was forced to acknowledge concerns about mortar durability after hundreds of new-build homeowners in various parts of the UK complained.

In fact, Taylor Wimpey issued an apology to Peebles homeowners after several families living on the Kingsmeadows development spoke of defects to their houses caused by crumbling mortar.

‘We sincerely apologise to the affected homeowners for the issues that they have experienced within some homes at our Kingsmeadow development in Peebles,’ a Taylor Wimpey spokesperson told the Peeblesshire News.

‘While a significant number of houses on the development are unaffected by mortar issues, a robust technical solution to fix the durability of the mortar has been identified, which is supported by our appointed structural engineer, an independent review by the Scottish Borders Council, and the National House Building Council.

‘We have a clear plan in place to remediate affected homes and works have already begun on the development.’


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

See an opportunity to trade?

Go long or short on more than 16,000 markets with IG.

Spread bet and trade CFDs on our award-winning platform, with low spreads on indices, shares, commodities and more.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
Bid
Offer
-
-
-
-
-
-
-
-
-
-
Bid
Offer
Bid
Offer
-
-
China 300
-
-

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.