In its update for the year to date, the revealed a strong net private sales rate for the year to April 18, at 1.00 against the 0.90 during the equivalent period last year.
The firm says that it has made good early progress on its priorities for 2021, including driving operating profit margin and "an enhanced cost control mindset across the business.” The company is targeting an operating profit margin of around 21-22% in the medium term.
As of April 18, the firm's total order book value stood at around £2,808m, representing 10,995 homes against last year’s 10,853, excluding legal completions to date.
It remains set to deliver against its guidance outlined in its 2020 results, issued in March. In its full-year results, it said it expected to deliver 85-90% of its 2019 volumes in 2021, assuming the market remains broadly stable, with its operating margin anticipated to increase to between 18.5% and 19%.
Pete Redfern, Taylor Wimpey’s CEO, said: “The UK housing market continues to be resilient and we are trading in line with our full-year expectations. With strong market fundamentals, customer demand for our high-quality homes remains robust and we are achieving a strong sales rate and building a healthy forward order book.
“The last year has been very challenging for everyone and I must again thank our teams for their outstanding efforts and commitment which have enabled us to continue to deliver for customers. It was pleasing to be recognised by the Home Builders Federation as a five-star homebuilder in March this year and we remain focused on delivering the highest quality service to our customers.”
