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Persimmon Sees "Robust Trading" To Date, In Line With Expectations

25th Apr 2018 09:14

LONDON (Alliance News) -British housebuuilders Persimmon PLC said Wednesday that enquiry levels are by about 13% in the year to day, compared to the same time last year.

Persimmon say this is down to "robust trading" since the start of the year with visitor levels to site, sales conversion rates and cancellation rates all "running in line" with expectations.

The company has increased its total forward sales revenue, including legal completions, by about 8% to GBP2.76 billion from GBP2.56 billion last year. Its weekly private sale rate per site since the start of the year has grown to 0.85 from 0.83 a year ago.

The housebuilder's average selling price has increased to GBP236,500 from GBP229,500 with 9,048 new homes sold forward into the private ownership market, up from 8,928 this time last year.

It will build 5,330 new homes for its housing association partners up from 4,616 a year ago.

Persimmon has opened 65 of the roughly 100 new sites planned for the first half of the year and is currently developing 375 active sales outlets.

Shares in Persimmon were up 0.8% Wednesday morning to 2,711.00 pence each.


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