Glenveagh Properties PLC (LSE:GLV)
€ 1.575 0 (0%) Market Cap: 886.92 Mil Enterprise Value: 936.15 Mil PE Ratio: 20.01 PB Ratio: 1.37 GF Score: 84/100
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Full Year 2020 Glenveagh Properties PLC Earnings Call Transcript

Feb 26, 2021 / 08:30AM GMT
Release Date Price: €0.8255 (-0.30%)
Operator

Hello and welcome to the Glenveagh 2020 Full Year Results Call. My name is Rosie, and I'll be your coordinator for today's event. Please note, this call is being recorded. (Operator Instructions)

I will now hand you over to Stephen Garvey to begin today's conference. Thank you.

Stephen Garvey
Glenveagh Properties PLC - Co-Founder, CEO & Executive Director

Thank you, Rosie. Good morning and welcome to the 2020 final results for Glenveagh Properties. Joining me on the call today are my colleagues, Michael Rice, our CFO; and Conor Murtagh, Director of IR and Strategy.

To start, can I ask you to please to turn to Page 4 and results highlights. Reservations and completions, customer leads plus 169% in H2 2020. Average weekly private reservation rate per site, plus 31% in H2 2020. 950 units sold, signed or reserved or 83% of our target deliveries for 2021. Construction capabilities, 700 units now sold completed in 2021, 17% down on '19 deliveries. 23 sites opened since IPO, with a further 6 sites scheduled to open in 2021 once present

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