Dec 08, 2023 / 11:00AM GMT
Presentation (Pre-Recorded)
Dec 08, 2023 / 11:00AM GMT
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Corporate Participants
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* Rob Perrins
Berkeley Group Holdings plc - CEO
* Richard Stearn
Berkeley Group Holdings plc - CFO
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Rob Perrins - Berkeley Group Holdings plc - CEO
Good morning, ladies and gentlemen, and welcome to Berkeley's results presentation for the six months ended October 31, 2023. I'm Rob Perrins, Chief Exec of the Berkeley Group. These are a great set of results, profit before tax and slightly ahead of guidance at GBP298 million, with an operating margin of 19.5%, net cash has been maintained at above GBP400 million.
This underscores the value of Berkeley unique long-term operating model and allows us to add a further year to our guidance which is now to deliver at least GBP1.5 billion of pre-tax profit by the three years ending April 30, 2026.
The sales market, as we know is cyclical and depends on the feel-good factor. At the moment it lacks any sense of urgency due to elevated
Half Year 2024 Berkeley Group Holdings PLC Earnings Presentation (Pre-Recorded) Transcript
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