Abbey’s full-year results reflect another year of strong underlying trading, combined with weaker Sterling which impacted reported € sales and profits. Abbey completed 586 house sales in the year, down slightly on the 597 units in the prior year and average Sterling translation rates were over 12% weaker than the prior year, but these factors were largely offset by stronger pricing with reported € revenues down only 2%.
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Finals – Continued strong trading
- Published:
12 Jul 2017 -
Author:
Chris Thomas -
Pages:
3
Abbey’s full-year results reflect another year of strong underlying trading, combined with weaker Sterling which impacted reported € sales and profits. Abbey completed 586 house sales in the year, down slightly on the 597 units in the prior year and average Sterling translation rates were over 12% weaker than the prior year, but these factors were largely offset by stronger pricing with reported € revenues down only 2%.