Bellway PLC

BWY: XLON (GBR)
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Bellway Earnings: Management Expects Margins to Reach a Trough in Fiscal 2027

Bellway completions rose 10.8% to 9,695 homes in fiscal 2026, but management indicated volumes and margins will be lower in fiscal 2027, without providing a margin range. Volumes are expected to be down about 5% at the midpoint, with average selling prices in line with fiscal 2026.

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