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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Barratt Developments PLC Trading Statement Call Transcript

Oct 12, 2022 / 07:30AM GMT
Release Date Price: $7.2 (-5.76%)
Operator

Hello, and welcome to Barratt Developments plc Trading Update Conference Call. My name is Suzanne, and I will be your coordinator for today's event. Please note this call is being recorded. (Operator Instructions) I will now hand over to your host, David Thomas, CEO, to begin today's conference. Thank you.

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

Thank you, and good morning, everyone. I'm joined this morning by Steven and Mike and of course, John Messenger. Whilst it's only 5 weeks since we last spoke, clearly, we would all recognize that a lot has changed in this period. So we decided that we would hold a call this morning with the trading update.

We have continued to see strong levels of customer interest across the country, and this is evidenced in leads per active site. However, potential buyers have proved reluctant to move forward with a purchase commitment. As a result, our net private reservation rate per outlet per week was 0.55 in the period, 35% below the 0.85 rate in the same period for FY '22 and

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