John Richards gives a snapshot into how the business is shaping up now and a look back on 2020. Richards acknowledges that the firm has now adjusted their expections to report adjusted earnings (EBITDA) for the year to March 31, 2021, of at least £16mln. Explaining the reason behind this upgrade, Richards highlights the company's cost control, which he says have been 'rigorous' and very strong. He also acknowledges their preparation for Brexit as 'extensive'. Speaking about his optimism for 2021, Richards explains that he takes a lot of guidance from the major house builders, when they make their public statements, with upbeat tones from both Redrow and Bellway just this week.
11 Feb 21