Barratt Developments has issued a trading statement ahead of its annual general meeting.
David Thomas, chief executive, said: “We have started our new financial year well, with a good sales rate and a healthy forward order book.
‘Whilst there is economic and political uncertainty, we continue to be disciplined and have a strong balance sheet and cash position which we believe provide us with the resilience and flexibility to react to potential changes in the operating environment in full year 2020 and beyond.”
He said the business was focused on delivering our medium term targets of volume growth in wholly owned home completions of 3 to 5% per annum over the medium term.
“We have started our new financial year well. Based on current market conditions, we continue to expect to grow volume towards the lower end of our medium term target range this year, whilst ensuring we maintain our industry leading standards of quality and service.”