TWODF - Taylor Wimpey plc (TWODF) Q1 2024 Sales/Trading Statement Call Transcript
2024-04-23 18:38:13 ET
Taylor Wimpey plc (TWODF)
Q1 2024 Sales/Trading Statement Call
April 23, 2024 03:30 AM ET
Company Participants
Jennifer Daly - CEO and Executive Director
Christopher Carney - Group Finance Director and Executive Director
Conference Call Participants
Chris Millington - Deutsche Numis
Will Jones - Redburn Atlantic
Marcus Cole - UBS
Arnaud Lehmann - Bank of America
Sam Cullen - Peel Hunt
Ami Galla - Citigroup
Clyde Lewis - Peel Hunt
Presentation
Jennifer Daly
Thank you, Harry and good morning everyone and thank you for joining us. As usual, I have Chris here with me. So, today, we've released a statement ahead of our AGM this morning.
As you'll have seen, we've reiterated our guidance and remain confident in our ability to deliver this year and importantly, ensure that we are positioned for growth from 2025, assuming a supportive market. I'll make a few brief comments before we open up to Q&A this morning.
So, I know you'll be very interested in how the spring selling season has progressed and while there remains some market uncertainty as well as affordability issues for some of our customers, the period has been in line with what we expected.
Mortgage rates have remained below last year's highs with very good product availability. More recently, we have seen some movement in swap rates and some small upward moves in mortgage rates since we last spoken. We note that market expectations for interest rate cuts have moved further out. So, as you'd expect, we'll be watching this closely....
Taylor Wimpey plc (TWODF) Q1 2024 Sales/Trading Statement Call Transcript