Barratt Developments P L C Trading Statement Call Transcript
Good day, and welcome to the Barratt Developments analyst call. Today's conference is being recorded.
At this time, I would like to turn the conference over to Chief Executive Officer, David Thomas. Please go ahead, sir.
Thank you, and good morning, everyone, and thank you very much for joining us on this year-end trading update call. I'm joined this morning by Steven and also by John Messenger.
Initially, I mean if I reflect on where we were as a business 12 months ago, I would just like to take this opportunity to thank all of our employees, our subcontractors and also our suppliers for their commitment in delivering what has clearly been an excellent performance over the past year. The market has remained very strong throughout the year, and we have seen this across the country.
Our sales performance has been strong with the sales rates in FY '21 at 0.78 versus 0.6 in FY '20. The sales rate was also 11% ahead of 0.7 achieved in FY '19.
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