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PSN Persimmon Plc

1,498.00
56.00 (3.88%)
12 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Persimmon Plc LSE:PSN London Ordinary Share GB0006825383 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  56.00 3.88% 1,498.00 1,504.50 1,506.00 1,506.00 1,442.50 1,452.50 987,976 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contr-single-family Home 2.77B 255.4M 0.7996 18.82 4.81B

Persimmon PLC Q1 Trading Statement

25/04/2024 7:00am

RNS Regulatory News


RNS Number : 9243L
Persimmon PLC
25 April 2024
 

P1#yIS1

 

25 April 2024    

Q1 Trading Statement

 

 

Q1 Highlights

 

Q1 2024

Q1 2023

New home completions

1,027

1,136

Net private sales per outlet1

0.66

0.62

Current forward sales position2

£1.75bn

£1.69bn

Of which private forward sales2

£1.14bn

£0.97bn

Land holdings (plots owned and under control)

c.82,500

c.86,400

 

1Net private sales per outlet of 0.61 excluding bulk sales (Q1 2023: 0.58)

2Excluding completions in Q1 and as at 25 April 2024 for 2024 figure, as at 26 April 2023 for 2023 figure.

 

Trading

We are encouraged by the level of visitors to our sites and are making good progress in expanding our outlet network. We opened 28 gross outlets in the first quarter ending the period with 263 outlets, up 2% on the position at the start of the year. A further c.30 gross outlets are planned to open by the end of June as part of our ambition to build back to pre-Covid outlet levels over the medium term.

For further information please contact:

Victoria Prior, Group IR Director

Anthony Vigor, Group Director of Strategic Partnerships and External Affairs

Olivia Peters

Teneo

Persimmon Plc 

Tel: +44 (0) 1904 642199

Tel: +44 (0) 7902 771 008

 

Appendices:

1.  Quarterly performance

 

Q1 2024

Q1 2023

Variance

Completions (homes)

1,027

1,136

-10%

Private (homes)

852

902

-6%

Partnership (homes)

175

234

-25%

Net private sales rate1

0.66

0.62

+6%

FTB % (private completions)

28%

38%

-10ppts

 

1Net private sales per outlet of 0.61 excluding bulk sales (Q1 2023: 0.58)

 

 

25 April 2024

26 April 2023

Variance

2.  Forward sales1

Value

Homes

Value

Homes

Value

Homes

Private

£1.14bn

4,030

£0.97bn

3,496

+18%

+15%

Partnership

£0.61bn

3,762

£0.72bn

4,715

-16%

-20%

Total

£1.75bn

7,792

£1.69bn

8,211

+4%

-5%

 

1Excluding completions in Q1 and as at 25 April 2024 for 2024 figure, as at 26 April 2023 for 2023 figure.

 


Cautionary statements

 

The information in this trading statement is unaudited.

 

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