Barratt Redrow PLC (LSE:BTRW) will publish full-year results on Wednesday 17 September, with the release landing in the same week as the Bank of England’s rate-setting meeting.
With inflation and interest rates remaining critical for the housing sector, investors will be watching both updates closely, alongside a new housing minister in the latest government reshuffle.
Shares in the FTSE 100 housebuilder have struggled since the completion of the Redrow merger almost a year ago, recently trading at their lowest since 2022 and not far off decade lows.
A post-close update in July came with a £100 million share buyback as strong cash generation remained despite weaker housing market dynamics.
The company reported 16,565 completions in the year to June, slightly below guidance, citing weak London demand, though the average selling price rose to £344,000 and cost savings from the Redrow integration reached £69 million.
Forward sales at the year-end stood at £2.9 billion, with 67% exchanged by the end of June.
For the year ahead, completions are expected to inch higher to a 16,600-17,200 range, which was below previous City expectations, which the company blamed on planning delays.
Additional building safety charges of £248 million, including £80 million linked to four Southern region buildings, will weigh on reported numbers.
Underlying pre-tax profit is forecast at about £580 million, excluding cladding and other exceptional costs, with reported profit expected at around £350 million, compared with £171 million last year.
Analysts at AJ Bell said investors may focus on any change to the outlook from chief executive David Thomas, with attention on pricing, input cost inflation, any more synergy progress from the Redrow deal.
Cash returns remain a further area of focus, with consensus pointing to a dividend of 16.8p per share, up from 16.2p a year ago.