Persimmon revenue rises but profit falls
Persimmon Homes has reported an 11% increase in revenue, while its profit was down slightly for the first half of 2024.
In its half-year results to 30 June 2024, the housebuilder said its revenue reached £1.32bn, up from £1.19bn last year. Profit before tax fell by 3%, to £146.3m.
Persimmon completed 4,445 homes in H1, up 5% compared to H1 2023, including a 14% increase in private completions to 3,742 homes.
Persimmon Homes has reported an 11% increase in revenue, while its profit was down slightly for the first half of 2024.
In its half-year results to 30 June 2024, the housebuilder said its revenue reached £1.32bn, up from £1.19bn last year. Profit before tax fell by 3%, to £146.3m.
Persimmon completed 4,445 homes in H1, up 5% compared to H1 2023, including a 14% increase in private completions to 3,742 homes.
The housebuilder said it was on track to complete 10,500 homes for the full year, at the top end of previous guidance. The group’s average selling price of £263,288 was up 3% year-on-year.
Chief executive Dean Finch said: “Persimmon is a growing company with growing opportunities. The first half of the year has been strong, with improved sales rates and robust average selling prices, despite ongoing affordability challenges. Strengthening consumer sentiment, improving macro-economic conditions and the government’s welcome and ambitious planning reforms that demand more of the high-quality, affordable homes that are Persimmon’s core strength, are all supportive of our ambition to grow this year and in the future.
“We are opening more sites this year and will do the same next year, demonstrating the benefit of our continued land investment in recent years. This growing and strong platform means we are ready to deliver more of the homes our country requires while securing industry-leading returns over the medium-term.”
