Adam Daniels
Chief Executive (CEO)
Replay available
Vistry Group PLC (VTY) Q2 2026 Earnings Call
Vistry Group PLC (LSE: VTY) Q2 2026 earnings conference call, held 2026-09-24. Replay captured from the company's public earnings webcast.
Investor webinar replay
Meeting Overview The meeting focused on the half-year results presentation for 2026 at Vistri, led by Chief Executive Adam Daniels. Key topics included the outcomes of a CEO review, current market conditions, financial performance, and strategic adjustments to improve the company's operational efficiency and profitability. Key Discussion Points - Introduction of Adam Daniels as the new Chief Executive. - Overview of the half-year results and the impact of market conditions. - Discussion on the CEO review process and its findings. - Announcement of a £350 million grant allocation from the SHP for affordable housing. - Progress on deleveraging the business and reducing land creditors. - Adjustments to the land bank strategy to focus on quality over quantity. - Emphasis on the need for operational control and cash conversion. - Future targets including a tenure mix of 60% partnerships and 40% open market. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Una...
Latest press releases
- LSE:VTY — Director/PDMR Shareholding · Mon, Oct 5, 2026
- LSE:VTY — Director/PDMR Shareholding · Thu, Oct 1, 2026
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Replay transcript excerpt
Speaker 1: Good morning all, good to see you all. Welcome to the half-year results presentation for 2026 for Vistri. Speaker 1: Thanks to all those who are attending in the room and online. Speaker 1: Today we'll talk you through our half-year results but also cover the conclusions of our CEO review that we've carried out through the summer. Speaker 1: I'm Adam Daniels. I was appointed as Chief Executive on the 13th of April of this year. Speaker 1: I started my career in pure house building, then moved into contracting housing before I joined the business in 2016 Speaker 1: when I joined Countryside. Speaker 1: We were already doing partnerships at that time, so I've got deep expertise Speaker 1: in mixed tenure and partnership house building. Speaker 1: I became part of history in 2022 Speaker 1: when they acquired Countryside at that time. Speaker 1: A little bit of what we're going to talk about today. So I'll Speaker 1: have a brief introduction to what we might go through and some of the early observations I've had during my time as Chief Exec. We'll then go across to Tim, who'll talk about our 0.5 year results before we cover the CEO review. Speaker 1: After that, we'll look at current market conditions and outlook, and then conclusions, and clearly, a Q&A. Speaker 1: So just to open, set the scene a little bit, Speaker 1: we started a review of the business in May, which is a detailed work stream with external support. So an internal team working alongside an external team to really look at the business in a root and branch way, building up from the quality of the sites into the way we operate and looking at what we're doing well and what we're not doing so well. We acknowledge that the execution of our model since 2023 has not all gone as we planned, but the...