Vistry Group reports profit decline in 2024, but remains optimistic for 2025

From Nasdaq: 2025-03-26 03:18:00

Vistry Group Plc. reported a significant drop in profit for fiscal 2024, despite growth in completions and revenue. The company expects to see profit progress in fiscal 2025, with profits more weighted towards the second half of the year. They are aiming for a 200 million pounds reduction in excess working capital and targeting a 40 percent return on capital employed over the medium term. In fiscal 2024, profit before tax decreased by 64 percent, while annual revenue grew by 6 percent to 3.78 billion pounds. Total completions increased by 7 percent to 17,225 units.



Read more at Nasdaq: Vistry FY24 Profit Declines, Completions Rise; Confirms Positive Outlook For FY25, Ahead