Henry Boot shares face pressure after a weak first-half performance, marked by a 19% revenue drop, an operating loss, and the suspension of dividend payments to preserve cash.
Henry Boot reported a 19% revenue decline, an operating loss of £3.9 million, and suspended its interim dividend, reflecting weak market conditions and higher debt.
Henry Boot reported a 19% revenue decline to £81 million and a £3.9 million operating loss for the first half of the year. Citing rising net debt of £133 million and subdued market conditions, the board suspended its interim dividend. New CEO Edward Hutchinson has launched a strategic review to prioritize deleveraging and operational efficiency, with a refreshed corporate strategy expected by early 2027.
The board suspended the dividend due to higher gearing, an operating loss, and the need to prioritize cash recovery and debt reduction.
Management expects Stonebridge Homes to report an operating loss in 2026, driven by slower sales volumes, build-cost inflation, and the impact of higher mortgage rates.