Persimmon PLC Announces Strong Half-Year Growth

Persimmon (GB:PSN) has released an update.

Persimmon PLC reported robust half-year results with new home completions increasing to 4,445, a 5% rise from the previous year, and total group revenue reaching £1.32bn, up from £1.19bn. The company’s net private sales rate improved, and its forward order book value grew by 28% year on year, signaling strong performance and consumer confidence. Persimmon is poised for growth, with a strong land bank and planning successes, expecting to deliver around 10,500 homes by year’s end, in line with the upper end of their guidance.

For further insights into GB:PSN stock, check out TipRanks’ Stock Analysis page.