Business
Taylor Wimpey plc Full Year Results
Taylor Wimpey plc Full Year Results.
About this update from Taylor Wimpey Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2 March 2023\n \n \n \n \n Taylor Wimpey plc\n \n \n \n \n Full year results for the year ended 31 December 2022\n \n \n \n \n \n \n \n \n \n Delivering strong results and well positioned to manage a range of market conditions \n \n \n \n \n \n \n Jennie Daly, Chief Executive, commented:\n \n \n \n \"We have delivered a strong financial and operational performance in 2022 with full year operating profit in line with expectations. We are particularly pleased to have delivered a strong operating profit margin as a result of tight operational controls and price discipline.\"\n \n \n \n \n \"In a year marked by two distinct halves, we acted quickly and decisively to address rapidly changing market conditions in the second half of the year and continued to focus on operational excellence and efficiency. While the weaker economic backdrop continues to impact the near-term outlook, customer interest in our homes remains good and, whilst it is still early in the year, trading has shown some signs of improvement compared to Q4 2022.\"\n \n \n \n \n \"Looking forward, we have a strong proposition that is clearly recognised and valued by our customers, supported by our sharp operational focus and highly experienced teams. We have a high-quality, well located landbank and a strong financial position which underpins our Ordinary Dividend Policy of paying out 7.5% of net assets, or at least £250 million, annually throughout the cycle.\"\n \n \n \n \n Group financial highlights:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2022\n \n \n \n \n \n \n 2021\n \n \n \n \n \n \n Change\n \n \n \n \n \n \n \n Revenue £m\n \n \n \n \n 4,419.9\n \n \n \n \n 4,284.9\n \n \n \n \n 3.2%\n \n \n \n \n \n \n Operating profit* £m\n \n \n \n \n 923.4\n \n \n \n \n 828.6\n \n \n \n \n 11.4%\n \n \n \n \n \n \n Operating profit margin\n \n *†\n \n %\n \n \n \n \n 20.9%\n \n \n \n \n 19.3%\n \n \n \n \n 1.6ppt\n \n \n \n \n \n \n Profit before tax £m\n \n \n \n \n 827.9\n \n \n \n \n 679.6\n \n \n \n \n 21.8%\n \n \n \n \n \n \n Profit before tax and exceptional items £m\n \n \n \n \n 907.9\n \n \n \n \n 804.6\n \n \n \n \n 12.8%\n \n \n \n \n \n \n Profit for the year £m\n \n \n \n \n 643.6\n \n \n \n \n 555.5\n \n \n \n \n 15.9%\n \n \n \n \n \n \n Basic earnings per sha...