Bellway (BWY)

Sector:

Household Goods

Index:

FTSE 250

2,690.00p
   
  • Change Today:
      26.00p
  • 52 Week High: 3,356.00
  • 52 Week Low: 2,166.00
  • Currency: UK Pounds
  • Shares Issued: 118.61m
  • Volume: 482,936
  • Market Cap: £3,190.70m
  • RiskGrade: 188

Bellway cites lower mortgage rates, improved confidence as H1 profits grow

By Michele Maatouk

Date: Tuesday 25 Mar 2025

LONDON (ShareCast) - (Sharecast News) - Housebuilder Bellway hailed a "strong" first half on Tuesday as it posted a 12% increase in underlying pre-tax profit, citing lower mortgage interest rates and improved consumer confidence.
In the six months to the end of January 2025, underlying pre-tax profit rose to £150.2m from £134.2m in the same period a year earlier. Revenue was up 12.3% to £1.4bn and housing completions increased 11.9% to 4,577.

The average selling price was £310,581, up from £309,278 a year earlier and the private reservation rate per outlet per week picked up 18.6% to 0.51.

Bellway said trading was ahead of the comparative period, "driven by lower mortgage interest rates and an improvement in consumer confidence".

The housebuilder said that while it did not experience a typical seasonal step-up in reservations in autumn, trading was stable and followed by a notable increase in January 2025.

"Customer demand was further supported by good availability of mortgage finance, although affordability remains relatively constrained for those customers requiring higher loan-to-value mortgages," it said.

Chief executive Jason Honeyman said: "Bellway has delivered a strong first half performance with good growth in volume output and profits. Underlying demand for our homes is healthy and we have been encouraged by the improvement in customer enquiries and reservations since the start of the new calendar year."

He said the company was on track to deliver volume output of at least 8,500 homes in the full year, versus 7,654 at the end of July 2024, and that it currently expects to build the order book through the second half to support further growth in 2026.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Bellway Market Data

Currency UK Pounds
Share Price 2,690.00p
Change Today 26.00p
% Change 0.98 %
52 Week High 3,356.00
52 Week Low 2,166.00
Volume 482,936
Shares Issued 118.61m
Market Cap £3,190.70m
RiskGrade 188

Bellway Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
7.22% below the market average7.22% below the market average7.22% below the market average7.22% below the market average7.22% below the market average
52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average
Price Trend
40.56% above the market average40.56% above the market average40.56% above the market average40.56% above the market average40.56% above the market average
30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average
Income
50.34% below the market average50.34% below the market average50.34% below the market average50.34% below the market average50.34% below the market average
17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average
Growth
98.44% below the market average98.44% below the market average98.44% below the market average98.44% below the market average98.44% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 5
Buy 6
Neutral 4
Sell 0
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Bellway Dividends

  Latest Previous
  Interim Final
Ex-Div 22-May-25 28-Nov-24
Paid 01-Jul-25 08-Jan-25
Amount 21.00p 38.00p

Trades for 28-May-2025

Time Volume / Share Price
16:48 112,000 @ 2,644.00p
16:48 112,000 @ 2,644.00p
16:35 226 @ 2,690.00p
16:35 41 @ 2,690.00p
16:35 1,545 @ 2,690.00p

Bellway Key Personnel

CEO Jason Honeyman
CFO Shane Doherty

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