Taylor Wimpey plans fewer sales this year to boost margins

By Joey Gardiner2020-02-26T10:32:00

Source: Shutterstock

Firm says rising construction costs to blame for eating into bottom line

Taylor Wimpey has said it will rein in sales in the year ahead in order to prioritise profitability.

Announcing its results for the year to December 2019, the UK’s third largest housebuilder said it had built 16,042 homes last year, up 6% on 2018, reporting sales of £4.3bn. Pre-tax profit was up 3.1% to £836m.

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