Thursday, April 22, 2021

‘Robust performance’ for Permission despite pandemic impact

Persimmon, the York-headquartered housebuilder, has reported a “robust performance” in its final full-year results despite the impact of the pandemic on revenue and profits.

For the year ended 31 December 2020, the listed company reported total group revenues of £3.33 billion – down from £3.65 billion in 2019. Moreover, profit before tax fell from £1.04  billion in 2019 to £783.8 million.

New home completions were down to 13,575 from 15,855, but the group said that the average selling price increased to £230,534 from £215,709.

During 2020, 6,827 plots were brought into the business in 33 locations across the UK, two thirds of which were in the second half of the year.

Persimmon delivered a robust performance in 2020 despite the challenges presented by the pandemic,” said Group Chief Executive, Dean Finch.

“I would like to commend our workforce for the effective way Covid-secure operating protocols have been adopted, protecting our customers, local communities and colleagues alike whilst maintaining effective on-site operations.

“I am particularly pleased we have delivered all this whilst continuing to see an increase in our HBF eight-week customer satisfaction score, with our current rates above the five-star threshold.

“We must build on this important progress and further enhance our build quality and customer care so we are known for both outstanding service as well as outstanding value.

“To achieve this, we will further strengthen our build quality and independent inspection regime within the Persimmon Way. This will both drive efficiencies that will pay for these improvements and enhance our capabilities, enabling us to build a greater volume of homes at five-star.

“We have also set new environmental targets in line with the Paris Agreement and will seek to further develop the Persimmon Way to embed the specific measures that will deliver on these targets in the future.”

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