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Barratt Developments 15-week Total Forward Sales Up 12.4% - Quick Facts

Barratt Developments PLC (BDEV.L) reported that the Group has traded well since the start of the new financial year. Customer demand remains strong, supported by positive Government policy and the wide availability of attractive mortgage finance. In the first 15 weeks of the financial year, net private reservations per active outlet per average week remain at 0.72. Total forward sales (including JVs) as at 14 October 2018 were up 12.4% on the prior year at a value of 3.15 billion pounds compared to 2.80 billion pounds as at 15 October 2017, equating to 12,903 units compared to 12,277 units, prior year.

In fiscal 2019, the Group said it is focused on implementing new medium term targets throughout the business. The Board is confident of delivering a good financial and operating performance in fiscal 2019.

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