Bovis Homes Group plc provided earnings guidance for the year 2015. The company expects to announce a significant increase in revenue and profit before tax driven by a record number of legal completions and a strong increase in average sales price. The Group delivered 3,934 homes which represents an increase of over 8% compared to 3,635 in the prior year.

Average sales price increased by 7% to circa £231,000 compared to £216,600 in prior year. With this result the company will achieve its targeted improvement in capital turn to in excess of one times. This combined with an anticipated increase in operating profit margin to over 17% should enable the Group to increase its return on capital employed to in excess of 18% for 2015.