Full Year 2021 Bellway PLC Earnings Call Transcript
Good morning, and welcome to Bellway's Full Year Results. Hopefully, you would have had the opportunity to read our statement this morning, and you will have seen a strong set of results, which Keith will take you through in a few moments' time. There are a few key highlights that I would like to mention.
Housing revenue has recovered to within 3% of FY '19. Underlying PBT rose by 72% to GBP 531 million. We have the benefit of a record order book totaling almost GBP 2 billion, and we've made a record investment in land with a land bank now comprising of around 90,000 plots.
Going forward, we have 3 strategic priorities: volume growth, value creation, and our Better with Bellway approach, a commitment to act in a responsible and sustainable manner. But first, I want to spend a few moments talking about volume growth and explain the reasons behind that record land investment and what it does to the shape of the business going forward. Keith will then pick up value creation and Better with Bellway later in the
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