Growth continues at Persimmon

Growth continues at Persimmon

Persimmon has announced its Final Results for the year ending 31 December 2017 indicating it had ‘another year of disciplined high quality growth’ in 2017.

The national housebuilder recorded 16,043 legal completions in 2017, an increase of 872 new homes on the previous year, with the average selling price increasing by 3.2% to £213,321.

Revenue for the year was up 9% to £3.42bn while operating margin increased to 28.2%. 17,301 plots of land were acquired in the year, with 8,296 plots successfully converted from the Group’s strategic land portfolio.

Nigel Mills, Senior Independent Director and Acting Chairman, said: “Persimmon’s performance in 2017 has been excellent. The Group’s focus on high quality growth, coupled with capital discipline, has accelerated the delivery of our strategic objectives and generated record returns for our shareholders.”

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