Bovis on track to hit margin target

By Hamish Champ2018-07-05T06:05:00

Strategic measures will result in a ‘significant step up in profitability’, says CEO

Bovis said today it was on track to hit its gross margin target of 23.5% as it reported a 4% increase in the number of completed homes delivered in the first half of the year.

The housebuilder, which is 14 months into a transformation programme after it saw off a bid from rival Galliford Try and the arrival of chief executive – and former Galliford Try boss – Greg Fitzgerald, said it had completed 1,580 homes in the first six months.

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