Earnings WarningThe warning of a weak first half to come is likely to mean that any new buying interest will wait until July now, limiting scope for outperformance in the interim.
Profitability ConcernsManagement warned that the year would be second half weighted and warned that margin progress could be sacrificed for accelerated cash generation.
Projected Market ConditionsVistry expects to improve profit and cash flow in 2025, consistent with market expectations, but offers a subdued view of end markets in 2025.