Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Redrow plc    RDW   GB00BG11K365

REDROW PLC

(RDW)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Redrow : Homebuilder Redrow's annual profit slumps, to resume dividend payout in 2021

share with twitter share with LinkedIn share with facebook
09/16/2020 | 02:56am EDT
The company logo of construction company Redrow is pictured on a flag at a new housing development near Manchester northern England.

British homebuilder Redrow Plc reported a 66% plunge in annual profit on Wednesday, while promising to renew dividend payouts next year as it halts investments in London and focuses on its Heritage Collection homes.

A shift in consumer demand after the COVID-19 pandemic prompted Redrow to shrink its London operations in June to focus on higher return giving regional businesses and its 'Heritage' line - suburban homes designed in period style features that have more spacious interiors.

"We have completed substantially more homes in the first few weeks of the new financial year than during the comparable period last year whilst maintaining a record order book as a result of keen demand for our Heritage Collection homes," the company said in a statement.

Redrow said that reduction in home completions, revenue, costs related to temporary closure of its developments and impairment costs arising contributed to profit fall.

The company completed 4,032 homes in the full year ended June 30, compared with 6,443 in the previous year, while pretax profit slumped to 140 million pounds ($180.54 million) from 406 million pounds it reported last year.

Revenue tumbled 37% to 1.34 billion pounds.

(Reporting by Samantha Machado in Bengaluru; Editing by Rashmi Aich)

share with twitter share with LinkedIn share with facebook
All news about REDROW PLC
09/16UK stocks end lower on Brexit concerns; The Hut Group soars on debut
RE
09/16REDROW : British builders Galliford and Redrow to resume dividends
RE
09/16REDROW : Homebuilder Redrow's annual profit slumps, to resume dividend payout in..
RE
09/11REDROW PLC : annual earnings release
07/08REDROW : UK gives 3.8 billion pound tax break to housing market
RE
06/30LONDON STOCK EXCHANGE : FTSE 100 ends lower but logs best quarter in a decade
RE
06/30Many British employers mull smaller offices post-COVID - survey
RE
06/30REDROW : Homebuilder Redrow to shrink London business, warns of full-year sales ..
RE
06/30REDROW : British PM promises "infrastructure revolution", more house building
RE
06/30REDROW : Trading Statement
PU
More news
Financials
Sales 2021 1 685 M 2 149 M 2 149 M
Net income 2021 205 M 261 M 261 M
Net cash 2021 75,7 M 96,5 M 96,5 M
P/E ratio 2021 6,42x
Yield 2021 4,74%
Capitalization 1 301 M 1 653 M 1 660 M
EV / Sales 2021 0,73x
EV / Sales 2022 0,54x
Nbr of Employees 2 364
Free-Float 77,6%
Chart REDROW PLC
Duration : Period :
Redrow plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends REDROW PLC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Average target price 583,39 GBX
Last Close Price 379,00 GBX
Spread / Highest target 106%
Spread / Average Target 53,9%
Spread / Lowest Target 0,26%
EPS Revisions
Managers
NameTitle
Matthew John Pratt Group CEO, COO & Director
John Frederick Tutte Non-Executive Chairman
Barbara May Richmond Group Chief Financial Officer & Executive Director
Andrew Nicholas Hewson Independent Non-Executive Director
Michael Thomas Lyons Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
REDROW PLC-49.13%1 653
D.R. HORTON, INC.36.49%26 125
DAIWA HOUSE INDUSTRY CO.,LTD.-17.76%17 262
SEKISUI HOUSE, LTD.-18.58%12 270
PULTEGROUP, INC.13.43%11 802
PERSIMMON PLC-10.54%9 761