Vistry (VTY), one of the largest housebuilders in the UK is scheduled to release its full year results on 26 March alongside an update on its medium-term targets.

Investors will be hoping the company can draw a line under the cost issues which have impacted the business over the last few months, resulting in three consecutive profit warnings.

This is reflected in the shares falling more than 53% over the last six months.

In October 2024 the company surprised the market after revealing cost issues at the group’s South division.

After initiating an independent and internal review, the group has instigated a series of controls including a tightening of procedures. 

The company has also completed a review of its operational structure with the objective of reducing reporting lines. It has consolidated the group from six divisions into three with each being led by an executive chair, reporting directly to the CEO.

In a trading update on 15 January the company said it continues to believe the Partnerships market remains very attractive and reiterated its commitment to this ‘asset light, high returns’ market.

The firm said increased cash generation and continued capital discipline is the group’s primary focus for 2025. It is targeting a ‘significant’ reduction in stock and work progress levels.

Overall partner demand is expected to be at similar levels to 2024 while the open market remains constrained, with a recovery in consumer confidence key to sales growth.

The group expects low single-digit build cost inflation which it will look to mitigate through scale benefits and efficiency gains. The company has identified a circa £5 million impact from increased employer national insurance contributions, rising to an annualised £7 million in 2026.

Despite these headwinds, the company said it expects to make year on year progress in both profit and cash generation.

UK UPDATES OVER THE NEXT 7 DAYS

FULL-YEAR RESULTS

24 March: RTC, S4 Capital, Tandem

25 March: Barr AG, Gamma Communications, Getbusy, Henry Boot, Kingfisher, Michelmersh Brick, Mission Group, Xaar

26 March: Anpario, Everplay, Pharos Energy, Vistry

27 March: Arbuthnot Banking Group, Chesnara, Next, Playtech, Tribal

FIRST-HALF RESULTS

25 March: Bellway, Frenkel Topping, Smiths

TRADING ANNOUNCEMENTS

25 March: Ocado, Time Finance

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