20th Apr 2006 07:00
Persimmon PLC20 April 2006 20th April 2006 AGM STATEMENT Since we reported the Group's results for the year ended 31st December 2005 on27th February 2006, we have made further significant progress with theintegration of the Westbury business, as well as achieving very satisfactorylevels of new sales. Over the past seven weeks we have been completely focused on managing theenlarged Group with the new structure in place, which is operating very well.Weekly sales rates have been very good, and to date we have sold circa 9,900homes with a total sales value of over £1.8 billion for 2006. The number of visitors to our circa 450 developments remain high withcancellation rates returning to historically low levels. Prices continue to holdfirm and our expectation for the year of a circa 3-4% increase in selling pricesremains unchanged. We are therefore confident of achieving results for 2006 in line with ourexpectations. As previously announced, today's AGM marks the retirement from the Board ofChips Keswick, John Millar and myself. John White takes over from me asChairman, and Mike Farley becomes Group Chief Executive. I have total confidence that the Persimmon team will continue to achieve furtherprofitable growth in our business. Finally I wish to thank everyone on the Persimmon team for all the tremendoushelp and support that they have given me over so many years. For further information please contact: Duncan Davidson, Group ChairmanJohn White, Group Chief ExecutiveTel: +44 (0)1904 642199 Ed Orlebar / Faeth Birch / Kirsty Flockhart, FinsburyTel: +44 (0)20 7251 3801 Print resolution images are available for media download at www.newscast.co.uk This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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