Tuesday, January 26, 2021
Real EstateUK

Persimmon reports ‘robust trading’ despite drop in sales

Housebuilder

With the average selling price rising by almost £15,000 to £230,500, Persimmon’s revenues stayed unscathed at £3.33bn

Housebuilder Persimmon said it had produced a ‘robust’ performance during the challenges of 2020, despite a major drop in the number of homes it sold.

The York company’s number of new home completions fell from 15,855 in 2019 to 13,575 last year. But with the average selling price rising by almost £15,000 to £230,500, Persimmon’s revenues stayed relatively unscathed at £3.33bn (down from £3.65bn a year earlier).

The company ended the year with an increase in its cash position as well as a rise in its forward sales position.

Chief executive Dean Finch said: 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.

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. I would like to take this opportunity to thank my colleagues and our suppliers and subcontractors for their continued hard work and commitment throughout this challenging period, he said.

The health, safety and wellbeing of our customers, our workforce and our communities has been paramount throughout and all of the Group’s businesses continue to operate in line with our Covid-secure policies and procedures, Finch said.

He said, we continue to improve our customer service and build quality and I am pleased at the level of commitment I have seen from within the business to achieving these aims, as recognised in our current customer satisfaction scores which have been trending ahead of the 5 star HBF rating since January 2020.

Important:
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
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