Vistry Lowers Profit Forecast on Deal Delays
British homebuilder Vistry lowered its annual profit expectations to 165 million pounds. The reduction follows contract renegotiations and deferred deal completions amid strategic turnaround plans and rising costs.
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Vistry Group plc lowered its fiscal 2026 adjusted profit before tax expectations to £165 million from £200 million on Thursday morning. The revision follows contract renegotiations and deferred deal completions. The United Kingdom homebuilder faces headwinds as labor costs rise.
CEO Adam Daniels is reshaping the portfolio to address debt pressures. The strategy includes paring back regional footprints and land acquisition targets.
