Vistry profits hit £270m as affordable housing adds to £4bn order book
Partnerships help Vistry partake in £39bn Social and Affordable Homes Programme.
Partnerships help Vistry partake in £39bn Social and Affordable Homes Programme.
Full year consensus for 2026 is 12,043 homes and underlying pre-tax profit range of £461 million to £487 million.
Originally founded as AMCO in 1970, the company rebranded to AmcoGiffen in 2018 after being acquired by Renew Holdings and merged with Giffen.
It follows the infrastructure giant’s acquisition by private equity firm CVC Capital Partners from PAI Partners in 2024.
In the UK, new project wins and an improved operational performance are steering the contractor through market headwinds.
Recent acquisitions include Full Circle for €60 million in onshore wind services, while it sold specialist building firm, Walter Lilly, for £7.5 million.
“Our mission is to deliver increasing returns for shareholders, through share price appreciation, dividends and share buybacks,” Mitie CEO.
‘Our strong market position is aligned with Government infrastructure spending plans’
“I’m excited to be beginning my tenure as CEO and look forward to working with exceptional people driving growth and value,” Stuart Togwell.
“Our strong balance sheet provides us with flexibility, enabling organic growth as well as targeted M&A,”- James Wroath, chief executive.