UK housebuilder Persimmon reviews a rise in home completions and common sale costs in its half-year numbers.
For the six months prime the top of June, the corporate noticed a 7% improve in non-public completions to 3,987 properties with whole completions up 4% to 4,605.
The housebuilder insisted it was on observe for completions of 11,000-11,500 properties for the complete yr.
The present non-public ahead order ebook is up 11% at £1.25bn at a non-public common gross sales worth of round £292,800, up 1.3% on the prior yr.
Including partnerships, Persimmon’s whole present ahead order ebook is up 9% at £1.86bn. The housebuilder is now 80% secured on non-public completions and totally secured on partnerships completions for the complete yr, which it says, positions it nicely because the agency enters the second half of the yr.
Persimmon reported a 13% improve in underlying working revenue, pushed by elevated quantity and on-going operational self-discipline.
Commenting on the most recent numbers Persimmon group chief govt Dean Finch stated:
“I’m happy that we’ve got continued to develop within the first half of the yr regardless of difficult market situations and with affordability nonetheless an necessary constraint. Our common gross sales worth, gross sales, completions, planning approvals, energetic websites and ahead order ebook are all up, many towards business developments, exhibiting that our technique together with a deal with self-help has continued to ship.”
He added: “Disciplined funding in land is being complemented by planning success to safe further website openings.”
The newest figures from Persimmon come on the identical time business advisor McBains reported a extra upbeat outlook for UK housebuilding.
