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Barratt Redrow (BTRW) investor relations material
Barratt Redrow Trading Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading performance and operational update
Net private reservation rate was 0.57 per week, slightly down from 0.59, with no private rental sector or multi-unit sales contribution.
Total home completions rose 7.9% to 3,665 compared to 3,396 in the prior period.
Forward order book at 26 October 2025 stood at 10,669 homes valued at £3,281.4m, nearly flat year-on-year.
60% of FY26 private home completions are forward sold, with 64% completed or exchanged.
Average active sales outlets decreased to 402 from 433.
Synergies and integration progress
£80m of cost synergies confirmed, up £11m since June 2025, with £100m target on track.
£45m of incremental cost synergies expected in FY26.
Head office integration and team restructuring completed; overhead costs rationalised.
Redrow system transition to be completed in FY26; procurement programme harmonising buying terms.
26 planning applications for incremental sales outlets submitted, with 13 approvals secured.
Land and strategic positioning
Land bank at 29 June 2025 comprised c.100,000 plots, equating to 6.2 years of supply.
68% of owned land bank plots have detailed planning consent.
Strategic land positions include c.145,000 plots, plus Gladman's promotional portfolio of c.114,000 plots.
Land acquisition expected to match replacement levels over next 2-3 years, with more from strategic positions.
- TimeTickerHeadlineOpen
- 5 FebGL
Earnings and premium growth were strong, with higher 2026 guidance and ongoing share buybacks. - 5 FebABX
Record 2025 results, strong cash flow, and North America gold IPO planned for late 2026. - 5 FebWEX
Q4 2025 revenue and EPS grew strongly, with 2026 guidance projecting continued momentum. - 5 FebCLFD
FY25 sales rose 20% to $150.1M, with improved margins and strong growth outlook for FY26. - 5 FebMAA
Q4 and 2025 results met expectations; 2026 outlook sees modest growth and easing supply. - 5 FebDG
Record free cash flow and broad-based earnings growth drive strong 2025 results and positive 2026 outlook. - 5 FebMOD
Q3 FY26 sales up 31%, strong data center growth, pension charge led to net loss, major spin-off announced. - 5 FebAPOLLOTYRE
Record revenue, profit growth, major expansion, and improved financial metrics in Q3 FY26. - 5 FebCMI
Record 2025 results, $458M Accelera charges, and 2026 growth led by data center power. - 5 FebHP
EBITDA $230M, $1.02B revenue, net loss $97M, $260M debt repaid, strong tech rollout.
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