MJ Gleeson PLC Reports Resilient Half-Year Performance Amid Market Challenges

MJ Gleeson PLC ( (GB:GLE) ) just unveiled an update.

MJ Gleeson PLC reported a strong half-year performance for the period ending December 31, 2024, despite subdued market conditions. Gleeson Homes saw a 10% revenue increase and a rise in home sales to 801 units, supported by new site openings and improved net reservation rates, indicating a potential market recovery. However, the division’s operating profit decreased by 10.8% due to flat pricing and increased sales incentives. Gleeson Land faced an 85.9% revenue decline, with no land sales completed, but showed progress in planning consents and portfolio development. The company remains optimistic about long-term growth prospects, driven by new site openings and a stable planning environment.

More about MJ Gleeson PLC

MJ Gleeson PLC operates through two main divisions: Gleeson Homes and Gleeson Land. Gleeson Homes is a prominent low-cost, affordable housebuilder targeting the Midlands and North of England, offering homes significantly cheaper than regional averages. Gleeson Land focuses on land promotion across the South of England and the Midlands, utilizing data analytics to identify and advance sustainable development opportunities through the planning system.

YTD Price Performance: -2.97%

Average Trading Volume: 68,248

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £286.3M

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