Vistry shares plunge on profit warning, citing deal delays and rising net debt By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 24 2024
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Source: Investing.com
Vistry Group's Profit Downgrade: Vistry Group shares fell over 16% after announcing an adjusted profit before tax forecast of £250 million for FY24, down from £300 million due to delays in key transactions and unfavorable commercial terms.
Impact on Financial Position: The company expects a net debt of around £200 million by year-end, with ongoing demand from partners noted despite the setbacks, as they completed over 70 Partner Funded transactions in Q4.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
