Saturday, June 19, 2021

‘Robust performance’ for Persimmon despite pandemic

Despite the challenges posed by the pandemic, York housebuilder Persimmon has “produced a robust performance” in 2020.

In the year ended 31 December, the listed company reported total revenues of £3.33 billion, falling from £3.65 billion in 2019.

In the trading update, Persimmon said that the number of new home legal completions reduced to 13,575 from 15,855, but the average selling price grew by 7% to about £230,500.

Moreover, it said that demand for new homes had remained resilient throughout the second half of the year, with its average weekly sales rate per site up 39% on the second half of 2019.

“Against the backdrop of the unprecedented challenges of 2020, Persimmon produced a robust performance for the year, as we continued to deliver the new homes the country needs,” said Group Chief Executive, Dean Finch

“The group’s strong second half completions were supported by its advanced build coming into the year, an agile and effective response to the COVID-19 pandemic and resilient customer demand.”

He added: “Recent events have served to further demonstrate the continuing near term uncertainties arising from the COVID-19 pandemic.

“However, we believe that the longer term fundamentals of the UK housing market remain resilient and I am confident Persimmon will continue to deliver superior long term value for all of its stakeholders.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.