logo-loader
FinanceReal Estate
Persimmon

Housebuilder Persimmon reports robust trading since the start of the year

Britain's second-largest housebuilder said that total forward sales revenue, including completions were up by about 8% to £2.76bn in the year to date

Persimmon homes
Persimmon said average selling prices for its homes rose to £236,500, up from £229,500 a year earlier

Persimmon PLC (LON:PSN) has seen robust trading since the start of the year, with sales conversion rates and cancellation rates in line with its expectations.

In a trading update ahead of today’s annual general meeting, Britain's second-largest housebuilder said that total forward sales revenue, including completions were up by about 8% to £2.76bn in the year to date.

READ: Persimmon pops down the pub to grab its new chairman

The FTSE 100-listed company said average selling prices for its homes rose to £236,500, up from £229,500 a year earlier, adding that pricing conditions remain firm across its regional markets.

The group added: “Customer activity since the start of the year has been encouraging with the Group's total enquiry levels running circa 13% ahead of the prior year.” 

“This has resulted in robust trading since the start of the year with visitor levels to site, sales conversion rates and cancellation rates all running in line with our expectations.

Persimmon said it has opened 65 of the around 100 new sites planned for the first half of the year and is building new homes on all sites that have an implementable detailed planning consent.

The group added that it is currently developing 375 active sales outlets across the UK.

The builder concluded that its board “remains confident of the future prospects of the Group.”

Quick facts: Persimmon

Price: £19.10

Market: LSE
Market Cap: £6.08 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

'May only be a matter of time' before Uranium price recovery with...

Mining Capital's Alastair Ford discusses the planned slow down in production from Kazatomprom (LON:KAP). The miner's looking to cut output from its Kazakh mines by around 20% through to 2021. He says that extends the timeframe of its previous production curtailment by a further year, and...

14 hours, 59 minutes ago

RNS

Half-year results - Amendment

3 days, 16 hours ago

Half-year Results

3 days, 18 hours ago

Total Voting Rights

3 weeks, 1 day ago

Trading Update

on 4/7/19

Additional Listing

on 23/5/19

2 min read