Full Year 2024 Bellway PLC Earnings Call Transcript

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Oct 15, 2024

Oct 15, 2024 / 08:00AM GMT
Jason Michael Honeyman - Bellway PLC - Group Chief Executive Officer, Executive Director

(technical difficulty) Most 13 years on the Board, but he's also a very good act to follow. And as you would expect from him, he's leaving with an experienced finance team in place and with the balance sheet in good order.

Simon joining the Board offers me continuity and with a strong leadership team already in place. Some of whom are here today, we've got two regional RCS, Stuart Gray and Ian Gorst just sitting up the back there, Gavin Jago, who you're familiar with our Group FC Phil Hope and of course, our Chair and industry veteran John Tutte. And I also look forward to welcoming our new CFO Shane Doherty to the Board on the December 2.

Now, today's presentation in addition to our results is about providing an update on strategy and our organic growth plans. FY24 as expected was a year of reset following market uncertainty and leading to a reduced PBT of GBP226 million.

Importantly, despite those challenges, we have built a strong platform from which to grow. Bellway is in healthy order

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