Taylor Wimpey one of the UK’s largest homebuilders reports its full year results

Highlights

• 17% increase in Revenue
• 20% increase in Operating profits
• Earnings per share up 20% year on year
• Their average property selling price increased by 11% to £255,000
• 14,112 were built in 2016 up 4.8% on 2015

Pete Redfern, Chief Executive at Taylor Wimpey, highlighted to investors today that this was an ‘excellent performance’ set against an uncertain political and economic environment that stabilised in the final quarter. The group went on to acknowledge that customer interest remains high and it continues to focus on building a strong order book for the future. Furthermore, it was keen to highlight that it is confident that it can adapt to all market conditions from a position of strength and perform well, ‘underpinning its value proposition to shareholders and other stakeholders’.