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Davy Research

Harworth Group

H1 meets expectations; softer land market could run into 2026

Sep 16 2025, 08:23 IST/BST
Colin Sheridan CFA
Company Report
6 page(s)

Sectors : Real Estate

Companies : Harworth Group

Ratings and price correct at time of issue.

Harworth Group

Closing Price: 170p
RATING 19/11/21
OUTPERFORM
PREVIOUS RATING N/A

Person's Name

Colin Sheridan CFA

Analyst

DAVY VIEW

H1 EPRA net disposal value (NDV) has increased slightly (to 223.7p), in line with company guidance. H2 will see sustained activity from the company. However, transaction timelines remain elongated, and there is a general softness in the residential land market that could continue into 2026.

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Sep 16 2025, 08:23 IST/BST