MJ Gleeson Reports Robust H1 Performance Amid Market Challenges

MJ Gleeson PLC ( (GB:GLE) ) has shared an update.

MJ Gleeson PLC announced a trading update for the half-year ended 31 December 2024, reporting a performance ahead of last year and in line with market expectations. Gleeson Homes increased home completions and reservation rates, while Gleeson Land saw strong demand for consented sites. However, no sales were completed in the first half. The company ended the period with a slight reduction in net debt, positioning itself for improved performance in the second half of the financial year.

More about MJ Gleeson PLC

MJ Gleeson PLC operates two main divisions: Gleeson Homes and Gleeson Land. Gleeson Homes is a low-cost housebuilder focused on affordable housing in the Midlands and North of England, with an average selling price significantly lower than competitors. Gleeson Land is a land promotion division operating in the South of England, utilizing data analytics to promote sustainable development opportunities through the residential planning system.

YTD Price Performance: -12.38%

Average Trading Volume: 90,244

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £271.6M

For a thorough assessment of GLE stock, go to TipRanks’ Stock Analysis page.