Vistry Group PLC (VTY.L), a home construction company, on Wednesday said it expects adjusted profit before tax for fiscal 2026 to be around the middle of analysts' forecast range of £168 million to £283 million.
The company said first-half 2026 profit is expected to be significantly lower than the prior-year period. However, it anticipates second-half profit to be in line with the previous-year period, supported by an improved margin mix on active sites and stronger demand from affordable housing partners.
Vistry also said it continues to make good progress in reducing completed or near-completed open market housing inventory, helping lift the group's year-to-date sales rate by 32% to 1.20 from 0.91 a year earlier.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.