Revenues rise at house builder
House builder Persimmon has updated the market noting that its weekly private sales are up in the first half of the year to 30 June.
The York-based business noted that sales completions were approaching levels achieved in the first half of the year in 2019 and that revenues were up 55% to £1.84bn (2020: £1.19bn).
The revenue increase coves as the group’s total average selling price has increased by 4.9% over the first half of the year and reflects the stronger market conditions experienced in the period.
Dean Finch, group chief executive, said: “Customer demand for our new homes has been strong right across the UK with healthy sales reservation rates through the period. The Group has an excellent forward order book at the end of June of £1.82bn.
“In supporting the Group’s high quality growth we are taking advantage of attractive land investment opportunities and successfully brought over 10,000 new plots into the business across 48 locations in the period. We remain focused on progressing our pipeline of new sales outlets through the planning system and into production, and on our ongoing build programmes, to provide improved stock availability and choice for our customers.
“Persimmon is well placed for the future with a strong balance sheet and healthy liquidity. As such, we are pleased to announce the accelerated payment of the surplus capital distribution of 110p per share in respect of the year ended 31 December 2020, which will be paid on 13 August 2021.”
