Vistry profit trebles boosted by private completions and mixed-tenure sales

By Carl Brown2022-03-02T09:44:00

Housebuilder ‘firmly on track’ to generate £1bn in partnerships revenue in 2022

Vistry Group has more than trebled its pre-tax profit and boosted turnover 30%, driven by an increase in completions and a focus on mixed tenure development through its partnerships arm.

The housebuilder reported pre-tax profit of £319.5m in the year to 31 December 2021, a 224% increase on the £98.7m posted the previous calendar year, which was impacted by covid-19 lockdowns. Once adjusted for excepotional items profit increased 140% to £346m.

The group said it had “an excellent year, successfully delivering on its strategy of rapidly growing higher margin mixed tenure development revenues”.

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