Booming market set to lift Redrow’s numbers

By Dave Rogers2021-07-07T09:07:00

Source: Shutterstock

Margins and turnover up substantially, housebuilder says

Redrow has said the ongoing housing boom will mean operating margins and completions will both be up this year when it releases its final results in September.

In a trading update this morning, the housebuilder said operating margins for the year to 27 June would be above 15.5% – markedly up from the 11.1% last year when the covid-19 pandemic hit the firm’s numbers – with turnover up to around £1.94bn from £1.34bn.

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