Barratt Developments PLC (the ‘Group’) is today issuing a trading update for the year ended 30 June 2024 (the ‘year’ and ‘FY24’) ahead of publication of its annual results on 4 September 2024(1). Comparatives are to the year ended 30 June 2023

David Thomas, Chief Executive, commented:

"During another year of economic and political uncertainty, we have delivered a strong operational performance, reflecting the exceptional work of our employees, sub-contractors and suppliers, and their commitment to delivering high quality homes that people want to live in.

Whilst we continue to navigate a challenging macroeconomic backdrop, we are delivering industry leading build quality, sustainability and customer service. Combined with the strength of our balance sheet, this has ensured we remain resilient and responsive through the cycle.

Looking ahead, we are pleased that the proposed combination with Redrow was strongly supported by both sets of shareholders in the Spring and, subject to the CMA's approval, we look forward to bringing together two businesses to create an exceptional UK housebuilder ensuring we are well-positioned for the future."