Full Year 2023 Barratt Developments P L C Earnings Call Transcript
Good morning, everyone, and welcome to our full year results presentation. So as usual, I'm going to start with an overview of the year, have a look at current trading and have a look at our priorities looking ahead.
Steven will then take you through our operational performance, and Mike will cover off our financials. And I'll then come back to talk about the industry fundamentals sustainability and to conclude.
So I think first, to reflect on the year, we've delivered another really strong operational performance and a good financial performance against what is clearly a very challenging operating environment.
So total home completions at 17,206 down 3.9% on last year, but clearly 2 very different halves. So we saw growth in the first half and that reversed in the second half given the reservation backdrop since September 22.
Overall, for the year, adjusted pretax profit of GBP 884 million, 16% below the record that we set in FY '22, but a touch ahead of consensus expectations and
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