Taylor Wimpey plc (TWODF) Trading Update Call Transcript

2025-05-01 00:50:17 ET

Taylor Wimpey plc (TWODF)

Trading Update Call

April 30, 2025 03:30 AM ET

Company Participants

Jennifer Daly - CEO and Executive Director

Christopher Carney - Group Finance Director and Executive Director

Conference Call Participants

Will Jones - Redburn Atlantic

Allison Sun - Bank of America

Marcus Cole - UBS

Chris Millington - Deutsche Bank

Aynsley Lammin - Investec

Ami Galla - Citi

Zaim Beekawa - JPMorgan

Glynis Johnson - Jefferies

Peter Ajose-Adeogun - Morgan Stanley

Harry Goad - Berenberg

Presentation

Operator

Hello, and welcome everyone to the Taylor Wimpey Trading Update Call. My name is Becky, and I will be your operator today. [Operator Instructions].

I will now hand over to your host, Jennie Daly, Chief Executive to begin. Please go ahead.

Jennifer Daly

Thank you, Becky. So good morning, everyone, and thank you for joining Chris and I this morning. You'll have seen the statement, which is pretty straightforward. There are no surprises. We are reiterating the full-year U.K. completions and group operating profit guidance we provided in our prelims in February. Clearly, we are alive to the recent volatility in global markets. However, our customers have remained a resilient and our sales performance has continued as anticipated.

Mortgage rates have ticked down and mortgage product availability remains good. Our sales teams have continued to work hard to support our customers through their buying journey, drawing on the high quality and location of our products with incentives remaining a key feature in the new homes market....

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