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Taylor Wimpey results contain little to surprise investors as it waits for growth

Date: 23 April 2024

1 minute read Last reviewed: April 2024

23 April 2024

If you are covering Taylor Wimpey's latest results, please see the following comment from Oli Creasey, property research analyst at Quilter Cheviot:

“This morning’s trading statement from Taylor Wimpey contains very little to surprise investors, either on the up or downside. The company has reiterated guidance for full year 2024: UK completions between 9,500-10,000, marginally lower than 2023, and for an operating margin slightly impacted by lower prices and minor cost increases.

“The company has made 0.73x sales per outlet per week, approximately in line with the equivalent sales rate this time last year, and it is looking as though 2024 will be a re-run of 2023 for the company, and industry as a whole. However, Taylor Wimpey’s management does see green shoots emerging, remarking that the company is positioned for growth from 2025. While this is encouraging, we do not know what assumptions are being made about house prices and mortgage rates to support that growth.

“We expect little change to share price or expectations given these in-line results.”

Megan Southwell

External Communications Manager
+44 (0)7500 523227

Notes to Editors

Notes to Editors:

About Quilter plc

Quilter plc is a leading wealth management business, helping to create brighter financial futures for every generation.

Quilter plc oversees £157.4 billion in customer investments (as at 30 June 2026).

It has an adviser and customer offering spanning financial advice, investment platforms, multi-asset investment solutions and discretionary fund management.

The business is comprised of two branded segments: Quilter and Quilter Cheviot.

Quilter encompasses the financial advice network and national, Quilter's investment platform and multi-asset solutions and Quilter Invest, the digital savings and investment app.

Quilter Cheviot is a discretionary fund management and financial planning business.

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Senator House, 85 Queen Victoria Street, London, EC4V 4AB, United Kingdom. Registered number: 6404270.  Registered in England.

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