Bellway 2018 final results
Robust results and a strong balance sheet
Bellway exceeded the 10,000 homes barrier for the first time in its history, growing volume by 6.9% and completing the sale of 10,307 new homes (2017 - 9,644).
Return on capital employed ('RoCE') remained high at 27.2% (2017 - 27.6%).
A robust trading performance and ongoing focus on growth resulted in earnings per share rising by 14.2% to 423.4p (2017 - 370.6p), a record for the Group.
The substantial growth in earnings facilitated a 17.2% rise in the proposed total dividend per share to 143.0p (2017 - 122.0p), providing further returns for shareholders.
A strong balance sheet, with net cash of £99.0 million (2017 - £16.0 million), ensures that Bellway remains agile and is able to respond positively to new opportunities.
