Cladding ExposureVistry also has a relatively high cladding exposure, and more bad news is expected here from the government.
Cost IssuesVistry warned initially on understatements to full-life cost projections, making its own profit projections too high, and subsequently on unit completions.
Financial GuidanceVistry has cut its 2024 PBT guidance from £350m PBT to £300m due to further cost under-recording issues in the South Division and as it cuts volume guidance for 2024 from 18,000 to 17,500.