Financial Information | Wates

Financial Information

In March 2019, the Wates Group released its financial results for the year ended 31 December 2018, reporting increased profit  and a record forward order book of £5.4bn.

Highlights

  • £114.2m cash balance
  •  Significant endorsement from banks, with £120m of funding secured to support future investment
  • Significant investment in residential development projects across the UK in 2018
  • Profit before taxation up 1% to £35.9m (2017: £35.7m)
  • EBITDA (earnings before interest, taxes, depreciation and amortization) of £48.0m, up 1.7% (2017: £47.2m)
  • Record order book of £5.4bn (2017: £5.1bn)
  • Turnover at £1.601bn (2017: £1.62bn)
  • Net assets up 7% to £135.8m (2017: £119.4m)
We’ve delivered another year of increased profits by continuing to concentrate on working in the sectors and geographies where we have proven expertise and for customers with whom we enjoy positive, effective relationships.
David Allen
Chief Executive, Wates Group

Annual Reviews & company credentials

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