CALA Group’s first half trading performance expected to lead to record revenues and profits for 2018.
A new, long term target of building over 3,000 units per annum has been announced by CALA as it reports a strong performance for the six months to 31 December 2017.
The period delivered a 34% increase in total home completions to 939 and the company has reported that it remains on course to deliver what would be its sixth record year of revenues and profits
Alan Brown, Chief Executive of CALA Group, said: “2017 was another excellent year for CALA and the first six months of the current financial year have seen us maintain the strong momentum generated by the business in recent years that has seen us become the UK’s fastest growing housebuilder by volume over the last decade.”
He continued: “We are well placed to deliver what would be our sixth consecutive year of record revenues and profits and, as a result of our performance in recent years, the consistent delivery against our growth targets and the investments in the business we have made, longer term, we now believe that we have the capability to deliver over 3,000 units per annum from our current operating structure.”
Image: A new home at CALA’s Spring Meadow development in Oxfordshire