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Davy Research

Redrow plc

Misses FY numbers on weaker margins, London impairment

Sep 16 2020, 07:50 IST/BST
Colin Sheridan CFA
Company Report
5 page(s)

Sectors : Construction and Housebuilding

Companies : Redrow plc

Ratings and price correct at time of issue.

Redrow plc

Closing Price: 456p
RATING 10/09/13
NEUTRAL
PREVIOUS RATING 21/05/13

UNDER REVIEW

Colin Sheridan CFA

Analyst

DAVY VIEW

Redrow had flagged the reorganisation of its London operations previously, but the impairment combined with weaker margins from COVID have driven a big miss relative to our estimates. Current trading looks very strong, in line with commentary from peers.

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Sep 16 2020, 07:50 IST/BST

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Redrow plc

Misses FY numbers on weaker margins, London impairment

Redrow plc

RATING 10/09/13

UNDER REVIEW

Colin Sheridan CFA

DAVY VIEW

Download full report with analyst certification and important disclosures