Strong results for Vistry and Persimmon

Vistry and Persimmon has announced final results for 2021 today, with both showing increases in completions, revenue and profit. In announcing its results, Vistry gave its backing to HBF’s response to housing secretary Michael Gove on a proposed plan to remediate cladding and tackle fire safety. The firm said the additional costs of implementing the

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Persimmon and Vistry on track

Good news was reported by Persimmon and Vistry on 9th November.  Persimmon’s private sales reservation rates have remained “well ahead” of 2019 since July and Vistry has noted “some signs of improvement” in materials shortages and pricing pressures. Issuing a trading update for the period from July 1 to November 8, Persimmon said that its

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“Strong start” to 2021 for Persimmon

Persimmon has reported a “strong start” to the year, with its current forward sales 23% ahead of last year and 11% improved on the same point in 2019. Giving a trading update on the year to date, the volume housebuilder said its current forward sales position was £3 billion against 2020’s £2.4 billion. The average

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Persimmon “performs robustly”

Persimmon continues to perform strongly despite the challenges of Covid-19 and has today (November 10) reported it is set to achieve a “good result” for 2020. During the period from July 1 to November 9 2020, the volume housebuilder’s average private weekly sales rate per site was 38% ahead of 2019. Persimmon said that stable selling

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Persimmon to restart sites

Persimmon reported at the end of April, that since the closure of its sites and sales offices in late March, it had devised and tested “a range” of new site protocols to allow for a return, “while ensuring the necessary social distancing restrictions are strictly enforced”. The move was welcomed by housing secretary Robert Jenrick

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£1bn pre-tax profit for Persimmon

Persimmon’s profits hit £1 billion during its year to December 31st, 2018, it reported whilst also announcing its new group chief executive as Dave Jenkinson on 26th February. During 2018, the volume housebuilder’s pre-tax profit climbed 13% to £1.091 billion against 2017, with a 13% increase in operating profits to £1.083 billion. Revenue lifted 4%

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“Strong trading performance” for Persimmon

On February 26th Persimmon will release its full year results but the volume housebuilder has already revealed its achieved another “strong trading performance” during 2018 and expects its pre-tax profits for the year ending December 31 2018 to be “modestly ahead” of current market consensus, with the company benefiting from the new schemes it has

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Good sales at Persimmon and Bovis

Persimmon and Bovis Homes report steady performances ahead of their half year results. During the period from 1st January to 30th June 2018, Persimmon’s legal completions increased 3.6% to 8,072 homes against the equivalent period last year. Its average selling price also rose 1.2% to around £215,800. The volume housebuilder’s housing revenues for the first

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4% rise on completions for Persimmon

Legal completions at Persimmon in 2016 reached 15,171, a rise of 599 on 2015 according to a trading update issued last week. Revenue for 2016 reached £3.14 billion, 8% higher than 2015 which was £2.90 billion, and the group’s average selling price increased by 4% to around £206,700 (2015: £199,127). The firm said that sales

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Persimmon plan brickwork factory

Persimmon have recently released its third quarter trading update and saying it is now fully sold up for the current year and has around £757 million of forward sales reserved beyond 2016, an increase of 4% on the same point last year (2015: £726 million). Persimmon says the weeks immediately following the EU Referendum saw

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