Vistry lowers profit forecast amid uncertain market conditions By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2025
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Should l Buy ?
Source: Investing.com
Vistry Group's Profit Forecast: Vistry Group anticipates a significant decline in adjusted profit before tax for 2024, projecting around £250 million compared to £419.1 million in 2023, amid uncertain market conditions and challenges in open market sales due to rising mortgage costs.
Operational Challenges and Strategy: The company faces operational difficulties, particularly in its South Division, leading to expected profit reductions. Vistry is focusing on its Partnerships business for growth while adjusting working capital strategies to address unsold homes and improve overall operations.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
