Youngs Consultancy
Written by Daley Young 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
Written by Daley Young 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
Written by Daley Young 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
Written by Daley Young 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
Written by Daley Young Persimmon is anticipating a “good autumn sales season”, after reporting that since July 1 its private sale reservation rate was running 17% ahead of the same period last year. Releasing its half year results to the city, the volume housebuilder acknowledged that the result of the EU referendum had created uncertainty. But its customers “quickly
Written by Daley Young The fundamentals of the market remain “strong” following the EU referendum result, backed by “long term unfulfilled demand,” according to volume housebuilder Persimmon. Persimmon issued a trading update covering the period from January 1 to June 30 2016, saying it was “too soon” to judge how the result would affect the new homes market. But:
Written by Daley Young Persimmon has seen robust trading for the year to date even though they continue to experience planning delays. During the period from January 1 2016 to the present day, the volume housebuilder has achieved a 6% rise in their weekly private sales rate per site against the equivalent period in 2015. This robust sales performance
Written by Daley Young In 2015 Persimmon completed 14,572 homes, an 8% rise on 2014, with a 34% increase in pre-tax profit to £637.8 million. Announcing its final results for the year yesterday, the firm said operating margin reached 21.9% and revenue hit £2.9 billion. In a 12 month period it opened more than 250 new sites. The firm
Written by Daley Young Persimmon has unveiled plans to build more than 80,000 new homes in the next five years. After building 13,509 homes in 2014 Persimmon says they will increase the number of homes completed each year by nearly 50% since 2012. Persimmon group ceo Jeff Fairburn took the opportunity of a visit by chancellor George Osborne to
Written by Daley Young Persimmon has so far opened 105 new housing developments in the second half of the year and expects to open 20 more by the end of the year. In a trading statement released on 4th November, Persimmon said the level of customer interest in their sites is “encouraging” with visitor numbers 5% ahead of last