The Vistry Board determined on 7 September 2021 that a dividend of 20 pence will be paid for the first half of 2021. A final dividend of 20 pence per share was paid on 21 May 2021 in respect of 2020 following approval by shareholders at the AGM.
Other financial highlights include:
Group adjusted revenues increased to £1,259.4m, 4.3% ahead of H1 19 proforma revenues
Step-up in Housebuilding adjusted gross margin to 21.8% (H1 20: 14.1%)
Rapid growth in Partnerships higher margin mixed tenure revenues to £163.9m (H1 20: £88.2m), with Partnerships adjusted operating margin increasing to 9.1% (H1 20: 4.0%), firmly on track for 10+% in FY 22
Group adjusted profit before tax increased to £166.1m (H1 20: £10.3m)
On a reported basis Group profit before tax increased to £156.2m (H1 20: £12.2m loss)
Growth in owned landbank size with the addition of 5,642 new plots in the period, combined with investment in 4,660 strategic land plots
Strong cash generation resulting in net cash position of £31.6m as at 30 June 2021 as compared to H1 20 net debt position of £357.3m
Group return on capital employed increased to 19.4% (FY 20: 14.4%) with Partnerships achieving a return on capital employed well in excess of 40%
