Bellway Must Focus on Margin Expansion as Recovery Continues -- Market Talk
Dow Jones03-25
0815 GMT - Bellway is making progress on revenue growth, driven by increasing volumes, Quilter Cheviot analyst Oli Creasey says in a note. However, management needs to focus on expanding margins, he adds. The housebuilder has boosted revenue through bulk orders, which isn't a bad thing, but volumes and profit remain below the levels seen in 2022, Creasey says. "While the company and the housebuilding industry are on the road to recovery, there is still a long way to go," he says. Shares are up 4% at 2,508 pence. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
March 25, 2025 04:16 ET (08:16 GMT)
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