"It's far from a pretty picture this morning for Vistry but there are signs of life - management is reducing debt, sticking to profit guidance and has the opportunity to boost growth through its new joint venture with Homes England. There's no getting round a dive in profits and a string of negative numbers across the board, though. Vistry's been"
"a real FTSE 250 laggard since 2024 and we're still seeing the bleak effects of a series of profit warnings, which have punished the company badly. Sticking to profit guidance, which includes a goal to top last year, will be the first sign the corner has been turned but, given a shaky history in this regard, it might be a case of seeing is believing."
Vistry is experiencing a sharp decline in profits and a series of negative financial indicators that have left the company lagging in the FTSE 250 since 2024. Management is actively reducing debt and has maintained profit guidance, including an aim to exceed last year's results. A new joint venture with Homes England offers a pathway to accelerate growth. Recovery will require the company to deliver on guidance, improve returns on capital employed, and rebuild margins. Reduced sector support after a cabinet reshuffle would make recovery harder, forcing the C-suite to take decisive, internally driven actions.
Read at London Business News | Londonlovesbusiness.com
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