Bovis Homes 2018 interim results
Strong H1 performance with a 41% increase in profit before tax, ahead of our expectations
Controlled volume growth resulting in another disciplined and orderly period end
HBF Customer Satisfaction score continues to trend at well above 80% (1 Oct 2017 to date) as Group consistently delivers high levels of customer service
Launch of market leading Phoenix housing range giving customers greater value and driving profitability
Progress with balance sheet initiatives including contracts exchanged for the formation of 50:50 joint venture at Sherford, Plymouth with Clarion Housing Group
Further strengthened balance sheet with a move to an average net cash position in the period of £6m (2017: average net debt £96m) and a period end net cash position of £42.8m (2017: net debt £32.4m)
Interim dividend increased by 27% to 19 pence per share and first special dividend of 45 pence per share to be paid with the interim in November
