Half Year 2024 Taylor Wimpey PLC Earnings Call Transcript

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Jul 31, 2024

Jul 31, 2024 / 08:00AM GMT
Jennie Daly - Taylor Wimpey PLC - Chief Executive Officer, Executive Director

So I'm running a little bit behind. I'm afraid that's my chatting. I apologize. But good morning to you all, and thank you for joining us. As usual, I'll do some brief introductory comments and the highlights from the half year. And Chris will take you through the financial review and our guidance, and then I'll take you through how we're seeing things today and how we're positioning the business for the future.

I think you will already have seen the statement and noted that we now expect full year completions, excluding JVs to be towards the upper end of our previous guidance of 9,500 to 10,000. I am very pleased to say that we performed well in the first half.

And importantly, we are very well set up to grow again from 2025, if the market is supportive. It is early days for the new Labour Government, but all early indications look positive for the sector with recognition that planning is a major barrier to economic growth, and that housebuilding contributes significantly to that much needed growth, but there

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