A Norfolk house builder generated revenue of more than £4bn in 2023, despite what bosses describe as “a challenging economic climate” for the construction industry.
Lovell, which is part of Morgan Sindall Group plc, increased its revenue to £4.1bn in 2023 - up 14pc on the previous year - while adjusted operating profit went up by 6pc to £144.6m.
The company said the results of the past 12 months mean it is on course to meet its current expectations for 2024.
Simon Medler, regional managing director at Lovell, said: “This is an exciting year for us with new site launches across the region, including Harleston, Holt, Hunstanton and King’s Lynn.
“We are building 354 homes at Briarswood, Harleston, including 151 affordable homes, and have three show homes and two view homes opening there this spring.
“Our work will see us continue to develop sustainable and accessible housing across East Anglia to meet increasing demand.”
The company will launch its partnership with the Borough Council of King’s Lynn and West Norfolk on its Florence Fields project this summer, in a move that will provide 226 new homes to the area.
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