Barratt Redrow PLC (OTCPK:BTDPY)
$ 11 -0.19 (-1.7%) Market Cap: 7.94 Bil Enterprise Value: 6.90 Bil PE Ratio: 37.41 PB Ratio: 0.76 GF Score: 86/100
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Q3 2022 Barratt Developments P L C Trading Statement Call Transcript

May 05, 2022 / 07:30AM GMT
Release Date Price: $12.02 (-4.30%)
Operator

Good day, and welcome to the Barratt Developments Trading Update Call. Today's conference is being recorded. At this time, I would like to turn the conference over to David Thomas. Please go ahead, sir.

David Fraser Thomas
Barratt Developments plc - Group CEO & Executive Director

Thank you, and good morning, everyone, and thank you for joining us on this trading update call. Steven and Mike are as usual with me. I would like to start off by thanking our employees, our subcontractors and our suppliers for both their commitment and enthusiasm in delivering what has been a really excellent performance throughout this period. It truly is a team effort. The housing market has remained strong throughout the period, and we have seen this right across the country. Our sales performance has reflected the strong demand with the sales rate at 0.93, 12% ahead of the 0.8 rate in the same period last year.

We have also seen underlying house price inflation with pricing across the country, maintaining or improving on the 7% estimate we reported during the first

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