Results13 Aug 2025 08:04
Bloomberg) -- Persimmon reaffirmed its homes completed
forecast for the full year.
YEAR FORECAST
* Still sees homes completed 11,000 to 11,500, estimate 11,282
(Bloomberg Consensus)
FIRST HALF RESULTS
* Pretax profit GBP146.7 million, +0.3% y/y, estimate GBP131
million (2 estimates)
* Revenue GBP1.50 billion, +14% y/y, estimate GBP1.42 billion
* Homes completed 4,605, +3.6% y/y, estimate 4,730
* Underlying operating profit GBP172.0 million, +13% y/y,
estimate GBP166.8 million
* Average selling price GBP0.28 million, +7.9% y/y, estimate
GBP0.27 million
* Diluted EPS 30.9p, estimate 34.8p (2 estimates)
* Interim dividend per share 20p, estimate 20p (2 estimates)
COMMENTARY AND CONTEXT
* Sees FY housing operating margin of between 14.2% and 14.5%
* Expects volume to grow to c.12,000 units in 2026 with
operating margin progression similar to 2025
* Says the pace of margin progression will be impacted by
diminishing embedded build cost inflation, on-going
affordability constraints and increased industry-wide costs